Rva Community Development Corporation

Analysis

Rva Community Development Corporation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 2020, 6 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, Rva Community Development Corporation reported income of $84k and spending of $30k, leaving 64% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $35k to $84k (+140%), an average of +140% a year. The sharpest change came in the year to December 2023, when income rose by 140%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rva Community Development Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within VA. Charities of a similar size with the same main cause include Gloria Harris Charities Inc ($84k), Randolph County Equine and Agricultural Association Inc ($84k) and Henderson Child Development Center Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $111k against liabilities of $32k, net assets of $78k.