Ruths Reusable Resources

Analysis

Ruths Reusable Resources is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ruths Reusable Resources reported income of $1.2m and spending of $1.3m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $331k to $1.2m (+265%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 486%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ruths Reusable Resources sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within ME. Charities of a similar size with the same main cause include Kids Need to Read ($1.2m), Association of International School in Africa ($1.2m) and Codehouse Corporation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $64k (5.0% of expenses). Other salaries and wages came to $192k. At year end it held assets of $1.1m against liabilities of $230k, net assets of $841k. It reported 17 employees.