Ruths House Inc

Analysis

Ruths House Inc is a registered charity in United States, based in Haverhill, MA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ruths House Inc reported income of $474k and spending of $440k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $366k to $474k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ruths House Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Coordinated Assistance Ministries Inc ($473k), Chicago Foundlings Home ($474k) and Catholic Ministry to the Elderly ($473k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $55k (12% of expenses). Other salaries and wages came to $144k. At year end it held assets of $781k against liabilities of $489k, net assets of $292k. It reported 10 employees.