Leadership Metro Richmond Inc

Analysis

Leadership Metro Richmond Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Leadership Metro Richmond Inc reported income of $670k and spending of $779k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $763k to $670k (-12%), an average of -4.3% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Leadership Metro Richmond Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Diamond City Partnership Inc ($669k), Green Guerillas Inc ($670k) and Virginians Organized for Interfaith Community Engagement of Northern ($668k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $152k (19% of expenses). Other salaries and wages came to $273k. At year end it held assets of $307k against liabilities of $77k, net assets of $230k. It reported 7 employees.