Richmond Metropolitan Convention & Vistors Bureau
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Richmond Metropolitan Convention & Vistors Bureau is a 501(c)(6) organization based in Richmond, Virginia, registered in 1989, with $19,243,460 in FY2024 revenue. CharityIndex grades it B.
401 N 3rd St, Richmond, VA, 23219 EIN 54-1249192 Since 1989
Revenue (FY2024)
$19.2M
▲ 4.0% vs prior year
Expenses (FY2024)
$13.7M
Net assets
$14.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
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 Richmond Metropolitan Convention & Vistors Bureau— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · +29% margin
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 Richmond Metropolitan Convention & Vistors Bureau: 13 mo reserves · +29% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Richmond Metropolitan Convention & Vistors Bureau— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
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 Richmond Metropolitan Convention & Vistors Bureau: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $4.7M (FY2013) to $19.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.6MNet assets $14.4M
Operating margin
28.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$16.0M
Total liabilities
$1.6M
Net assets
$14.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $19,243,460▲4.0% | $13,686,814▲5.2% | $14,400,037▲62.8% | $15,970,053▲59.4% | 990 |
| 2023 | $18,502,068▲172% | $13,005,517▲46.6% | $8,843,391▲164% | $10,021,243▲141% | 990 |
| 2022 | $6,800,653▼1.5% | $8,868,553▲25.2% | $3,346,840▼38.2% | $4,162,109▼37.8% | 990 |
| 2021 | $6,903,665▼15.2% | $7,081,797▲19.2% | $5,414,740▼3.2% | $6,694,985▲9.8% | 990 |
| 2020 | $8,138,093▲20.3% | $5,942,860▼0.1% | $5,592,872▲64.6% | $6,099,091▲67.2% | 990 |
| 2019 | $6,763,761▼1.6% | $5,945,903▼8.0% | $3,397,639▲31.7% | $3,647,597▲15.4% | 990 |
| 2018 | $6,872,876▲7.7% | $6,460,876▲9.8% | $2,579,781▲19.0% | $3,161,534▲28.2% | 990 |
| 2017 | $6,381,915▲7.0% | $5,885,409▲5.2% | $2,167,781▲29.7% | $2,466,451▲22.9% | 990 |
| 2016 | $5,961,729▲9.3% | $5,592,423▲5.3% | $1,671,275▲28.4% | $2,006,893▲12.4% | 990 |
| 2015 | $5,454,485▲10.4% | $5,313,172▲12.0% | $1,301,969▲12.2% | $1,784,842▲28.3% | 990 |
| 2014 | $4,941,636▲6.1% | $4,743,770▲0.8% | $1,160,656▲20.6% | $1,390,636▲5.8% | 990 |
| 2013 | $4,658,132 | $4,707,689▲2.0% | $962,790▼4.9% | $1,313,782▲5.0% | 990 |
| 2012 | — | $4,613,338▼1.5% | $1,012,347▲15.5% | $1,251,796▲12.1% | 990 |
| 2011 | — | $4,683,463 | $876,212 | $1,116,705 | 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.
Frequently asked questions
- Is Richmond Metropolitan Convention & Vistors Bureau a legitimate nonprofit?
- Yes. Richmond Metropolitan Convention & Vistors Bureau is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 54-1249192, based in Richmond, Virginia.
- What is Richmond Metropolitan Convention & Vistors Bureau's EIN?
- Richmond Metropolitan Convention & Vistors Bureau's Employer Identification Number (EIN) is 54-1249192.
- How much revenue does Richmond Metropolitan Convention & Vistors Bureau report?
- Richmond Metropolitan Convention & Vistors Bureau reported $19,243,460 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Richmond Metropolitan Convention & Vistors Bureau have?
- CharityIndex grades Richmond Metropolitan Convention & Vistors Bureau B, based on financial health (reserves and operating margin).
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Data for Richmond Metropolitan Convention & Vistors Bureau (EIN 54-1249192) 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.