Foundation for the Reichhold Center for the Arts

Analysis

Foundation for the Reichhold Center for the Arts is a registered charity in United States, based in St Thomas, VI. It received its IRS tax-exemption ruling in July 1979, 47 years ago. 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 September 2023, Foundation for the Reichhold Center for the Arts reported income of $560k and spending of $294k, leaving 48% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $442k to $560k (+27%), an average of +6.1% a year. The sharpest change came in the year to September 2021, when income rose by 59%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for the Reichhold Center for the Arts sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within VI. Charities of a similar size with the same main cause include Advocacy Inc ($560k), PS 87 Pa Inc ($560k) and West Hartford Fellowship Housing II Inc ($560k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% of the total. At year end it held assets of $13.6m against liabilities of $0, net assets of $13.6m.