Raes Playze Adult Day Center Inc

Analysis

Raes Playze Adult Day Center Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2008, 18 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 December 2023, Raes Playze Adult Day Center Inc reported income of $1.8m and spending of $1.7m, spending 95% of its income. Across the 6 years on record, from December 2017 to December 2023, income grew from $664k to $1.8m (+169%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Raes Playze Adult Day Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Abc Happy Kids Learning Center Bentonville Inc ($1.8m), John George Home Inc ($1.8m) and Capital Area Food Bank Foundation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $86k (5.1% of expenses). Other salaries and wages came to $356k. At year end it held assets of $900k against liabilities of $900k, net assets of $0. It reported 11 employees.