Richmond Labor and Love Community Development Corporation

Analysis

Richmond Labor and Love Community Development Corporation is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Richmond Labor and Love Community Development Corporation reported income of $2.8m and spending of $931k, leaving 66% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $297k to $2.8m (+830%), an average of +110% a year. The sharpest change came in the year to June 2023, when income rose by 629%. Over the whole period it spent 50% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Richmond Labor and Love Community Development Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity of North Carolina Inc ($2.8m), Foundation for Norfolk Living ($2.8m) and Rocky Mountain Mutual Housing Association Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $38k (4.1% of expenses). Other salaries and wages came to $74k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 6 employees.