Rices Hotel-hughletts Tavern Foundation Inc is a 501(c)(3) organization based in Heathsville, Virginia, registered in 1994, with $230,415 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$230K
▲ 11.3% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$206K
Net assets
$1.3M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Rices Hotel-hughletts Tavern Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Rices Hotel-hughletts Tavern Foundation Inc: 78 mo reserves · +11% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Rices Hotel-hughletts Tavern Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Rices Hotel-hughletts Tavern Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $189K (FY2020) to $230K (FY2024) across 5 reported years.
Financial snapshot
Operating margin
10.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3M
Total liabilities
$0
Net assets
$1.3M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $230,415▲11.3% | $205,661▲5.7% | $1,335,395▲1.3% | $1,335,395▲1.3% | 990 |
| 2023 | $207,036▲70.5% | $194,521▲9.8% | $1,318,116▲1.0% | $1,318,116▲1.0% | 990 |
| 2022 | $121,428▼52.5% | $177,079▲18.9% | $1,305,600▼4.1% | $1,305,600▼4.1% | 990 |
| 2021 | $255,634▲35.4% | $148,983▲1.9% | $1,361,252▲8.5% | $1,361,252▲7.9% | 990 |
| 2020 | $188,774 | $146,262 | $1,254,603 | $1,261,685 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
11 grants to Rices Hotel-hughletts Tavern Foundation Inc totaling $153K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Community Foundation Inc | Community vibrancy | 2024 | $20,868 |
| The Community Foundation Inc | Community vibrancy | 2023 | $17,408 |
| The Community Foundation Inc | Community vibrancy | 2022 | $15,654 |
| The Community Foundation Inc | General purposes | 2021 | $14,036 |
| The Community Foundation Inc | General operating expenses and offset loss in revenue due to the cancellation of all fundraising activities due to the covid pandemic in our area | 2020 | $14,035 |
| The Community Foundation Inc | Telling our story; general purposes | 2019 | $13,891 |
| The Community Foundation Inc | Program support | 2018 | $13,708 |
| The Community Foundation Inc | General purposes | 2017 | $12,142 |
| The Community Foundation Inc | Tavern heritage arts center, general purposes | 2016 | $11,439 |
| The Community Foundation Inc | General purposes, the creation of a tavern | 2015 | $11,426 |
| The Community Foundation Inc | General purposes, program support | 2014 | $8,759 |
Explore more
Data for Rices Hotel-hughletts Tavern Foundation Inc (EIN 54-1589804) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.