Richmond Primary School

Analysis

Richmond Primary School is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Richmond Primary School reported income of $467k and spending of $444k, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $363k to $467k (+29%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richmond Primary School sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Woodland Montessori School Inc ($467k), Lebanon Education Foundation ($467k) and Drepung Gomang Institute ($467k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $66k (15% of expenses). Other salaries and wages came to $280k. At year end it held assets of $63k against liabilities of $57k, net assets of $5,669. It reported 28 employees.