Richmond Jewish Foundation

Analysis

Richmond Jewish Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Richmond Jewish Foundation reported income of $7.4m and spending of $3.4m, leaving 54% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $7.4m (+96%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Richmond Jewish Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Yakima Valley Community Foundation ($7.4m), NPT Charitable Asset TR ($7.4m) and Los Altos Community Foundation ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $164k (4.8% of expenses). Other salaries and wages came to $193k. At year end it held assets of $47.5m against liabilities of $14.6m, net assets of $32.9m. It reported 6 employees.