Richmond Public Schools Education Foundation Inc

Analysis

Richmond Public Schools Education Foundation Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Public Schools Education Foundation Inc reported income of $1.1m and spending of $874k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.1m (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2021, when income dropped by 39%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richmond Public Schools Education Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Lighthouse Christian Academy ($1.1m), Ua Global Operations Inc ($1.1m) and Center for Teaching and Learning ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $150k (17% of expenses). Other salaries and wages came to $11k. At year end it held assets of $1.7m against liabilities of $22k, net assets of $1.6m. It reported 2 employees.