Greater Richmond Partnership Inc

Analysis

Greater Richmond Partnership Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Greater Richmond Partnership Inc reported income of $3.0m and spending of $2.7m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.0m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Richmond Partnership Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Northshore Food Bank ($3.0m), Neighbor to Neighbor Inc ($3.0m) and First Baptist Church Endowment Fund Incorporated ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $454k (17% of expenses). Other salaries and wages came to $730k. At year end it held assets of $5.6m against liabilities of $1.5m, net assets of $4.1m. It reported 12 employees.