Friends of Richmond Community High School

Analysis

Friends of Richmond Community High School is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends of Richmond Community High School reported income of $203k and spending of $191k, spending 94% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $175k to $203k (+16%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Richmond Community High School sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within VA. Charities of a similar size with the same main cause include Deporres P L a C E Inc ($203k), Roane County College Scholarship Foundation Inc ($203k) and Roy Gomm Parent Faculty Association ($203k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $61k (32% of expenses). Other salaries and wages came to $1,027. At year end it held assets of $86k against liabilities of $0, net assets of $86k. It reported 2 employees.