Rappahannock Benevolent Fund Inc

Analysis

Rappahannock Benevolent Fund Inc is a registered charity in United States, based in Washington, VA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Rappahannock Benevolent Fund Inc reported income of $396k and spending of $312k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $332k to $396k (+19%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rappahannock Benevolent Fund Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Reeces Rainbow Inc ($396k), Gildas Preschool Academy Inc ($396k) and Kolel Ohel Lifsha Inc ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (19% of expenses). Other salaries and wages came to $11k. At year end it held assets of $250k against liabilities of $277, net assets of $250k. It reported 2 employees.