Richmond Heights Community Development Corporation

Analysis

Richmond Heights Community Development Corporation is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 March 2024, Richmond Heights Community Development Corporation reported income of $125k and spending of $109k, spending 88% of its income. Across the 3 years on record, from March 2020 to March 2024, income fell from $219k to $125k (-43%), an average of -25% a year. The sharpest change came in the year to March 2024, when income dropped by 30%. Over the whole period it spent 71% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Richmond Heights Community Development Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Cross Angle Ministries Inc ($125k), Masdjid Assalam Walkhair Incorporated ($125k) and International Youth Fellowship ($125k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 80% of the total. At year end it held assets of $255k against liabilities of $2,404, net assets of $252k.