Belmont Community Resource Services

Analysis

Belmont Community Resource Services is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Belmont Community Resource Services reported income of $1.6m and spending of $1.6m, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $1.6m (+1084%), an average of +1084% a year. The sharpest change came in the year to December 2023, when income rose by 1084%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Belmont Community Resource Services sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Family Wellness Bismarck Mandan LLC ($1.6m), Washington Kids in Transition ($1.6m) and Dupage Federation on Human Services Reform ($1.6m).

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 $39k (2.4% of expenses). Other salaries and wages came to $46k. At year end it held assets of $69k against liabilities of $2,046, net assets of $67k. It reported 9 employees.