Richmond Parade Inc

Analysis

Richmond Parade Inc is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. 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 March 2024, Richmond Parade Inc reported income of $274k and spending of $249k, spending 91% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $242k to $274k (+13%), an average of +2.5% a year. The sharpest change came in the year to March 2022, when income rose by 42%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richmond Parade Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Dosan Memorial Foundation of Americas ($274k), Harford Senior Housing II Inc ($274k) and The Florida Center for Government Accountablility Inc ($274k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $12k. At year end it held assets of $115k against liabilities of $0, net assets of $115k.