Richland Place Inc

Analysis

Richland Place Inc is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Richland Place Inc reported income of $26.9m and spending of $25.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.1m to $26.9m (+11%), an average of +2.7% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Richland Place Inc 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 98th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Montgomery Hospice Inc ($26.8m), Life Unlimited Inc ($26.9m) and Bill Wilson Center ($26.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $17k (0.1% of expenses). Other salaries and wages came to $10.7m. At year end it held assets of $33.9m against liabilities of $44.4m, net assets of -$10.5m. It reported 401 employees.