Richmond Elementary School Inc

Analysis

Richmond Elementary School Inc is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Richmond Elementary School Inc reported income of $10.6m and spending of $10.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $10.6m (+60%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richmond Elementary School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Knowledge Academies Inc ($10.6m), Pine Tree Society Inc ($10.6m) and Edchoice Inc ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $209k (2.0% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $9.3m against liabilities of $3.8m, net assets of $5.5m. It reported 71 employees.