Cristo Rey Richmond High School Inc

Analysis

Cristo Rey Richmond High School Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 2016, 10 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 2024, Cristo Rey Richmond High School Inc reported income of $9.2m and spending of $5.9m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.5m to $9.2m (+106%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cristo Rey Richmond High School Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Lamar University Foundation Inc ($9.2m), Twin Cities German Immersion School ($9.2m) and Redding School of the Arts ($9.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $325k (5.5% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $20.2m against liabilities of $8.8m, net assets of $11.4m. It reported 82 employees.