Richfield Residential Hall School Board Inc

Analysis

Richfield Residential Hall School Board Inc is a registered charity in United States, based in Richfield, UT. It received its IRS tax-exemption ruling in February 2000, 26 years ago. 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, Richfield Residential Hall School Board Inc reported income of $2.0m and spending of $2.2m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.0m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richfield Residential Hall School Board Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within UT. Charities of a similar size with the same main cause include Arc of the Capital Area ($2.0m), Bal Swan Childrens Center ($2.0m) and Lasa ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $119k (5.3% of expenses). Other salaries and wages came to $709k. At year end it held assets of $2.8m against liabilities of $83k, net assets of $2.7m. It reported 31 employees.