Re Work Richmond Inc

Analysis

Re Work Richmond Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Re Work Richmond Inc reported income of $591k and spending of $436k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $311k to $591k (+90%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Re Work Richmond Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Northern Rio Grande National Heritage Area Inc ($591k), Maestro Leadership Foundation ($591k) and Mansfield Innovative Anddevelopmental Services Inc ($591k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $90k (21% of expenses). Other salaries and wages came to $153k. At year end it held assets of $802k against liabilities of $77k, net assets of $725k. It reported 3 employees.