Richlands Community Outreach Ministry

Analysis

Richlands Community Outreach Ministry is a registered charity in United States, based in Richlands, NC. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 2022, Richlands Community Outreach Ministry reported income of $307k and spending of $160k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $229k to $307k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Richlands Community Outreach Ministry sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Family Connection of Warren County Inc ($307k), Always Endure ($307k) and Working Against Violence for Everyone-Wave- ($307k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 16% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.