Richmond First Tee

Analysis

Richmond First Tee is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Richmond First Tee reported income of $6.5m and spending of $4.6m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $6.5m (+203%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 277%. Over the whole period it spent 69% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Richmond First Tee sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Learn Fresh Education Co ($6.5m), Boys and Girls Club of Santa Monica Inc ($6.5m) and National Association of Police Athletic Activities Leagues Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $253k (5.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $12.3m against liabilities of $1.1m, net assets of $11.2m. It reported 157 employees.