Rcap Solutions Inc

Analysis

Rcap Solutions Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in February 1971, 55 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, Rcap Solutions Inc reported income of $62.5m and spending of $62.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $36.4m to $62.5m (+72%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rcap Solutions Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Florida Association of Rehabilitation Facilities Inc ($62.3m), Hospital Development Co ($62.5m) and BHS Management Services Inc ($61.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $410k (0.7% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $12.2m against liabilities of $8.9m, net assets of $3.3m. It reported 160 employees.