Retail Advancement Fund

Analysis

Retail Advancement Fund is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, 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, Retail Advancement Fund reported income of $200k and spending of $263k, spending 131% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $268k to $200k (-25%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Retail Advancement Fund sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within VA. Charities of a similar size with the same main cause include Noblesville Main Street Inc ($200k), Community Connections ($200k) and Benincasa Community Inc ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $100k against liabilities of $3,342, net assets of $97k. It reported 1 employees.