Rumford Group Home Inc

Analysis

Rumford Group Home Inc is a registered charity in United States, based in Leeds, ME. It received its IRS tax-exemption ruling in September 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rumford Group Home Inc reported income of $1.4m and spending of $1.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.4m (-1.9%), an average of -0.5% a year. The sharpest change came in the year to June 2020, when income dropped by 34%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rumford Group Home Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within ME. Charities of a similar size with the same main cause include Corinthian Pointe Senior Living Corporation ($1.4m), Humanitys Team ($1.4m) and Civic Center of Moreau Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $148k (11% of expenses). Other salaries and wages came to $424k. At year end it held assets of $5.1m against liabilities of $1.4m, net assets of $3.8m. It reported 12 employees.