R I T E S Inc

Analysis

R I T E S Inc is a registered charity in United States, based in Sunset, UT. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, R I T E S Inc reported income of $1.1m and spending of $1.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $695k to $1.1m (+59%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, R I T E S Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within UT. Charities of a similar size with the same main cause include Iowa Soccer Development Foundation Inc ($1.1m), Activate Food Arizona ($1.1m) and Alliance for Metropolitan Stability ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 85% of the total. At year end it held assets of $61k against liabilities of $7,059, net assets of $54k.