The Elizabeth Richardson Center Inc

Analysis

The Elizabeth Richardson Center Inc is a registered charity in United States, based in Springdale, AR. It received its IRS tax-exemption ruling in October 1964, 62 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 June 2024, The Elizabeth Richardson Center Inc reported income of $9.3m and spending of $9.6m, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $9.8m to $9.3m (-5.4%), an average of -1.1% a year. The sharpest change came in the year to June 2024, when income dropped by 18%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Elizabeth Richardson Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within AR. Charities of a similar size with the same main cause include New Bedford Jewish Convalescent Home Inc ($9.3m), Independence Health System Inc ($9.3m) and NRF Foundation ($9.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.2% and program service revenue 94% of the total. Other salaries and wages came to $6.0m. At year end it held assets of $5.1m against liabilities of $460k, net assets of $4.6m. It reported 268 employees.