Rta Incorporated

Analysis

Rta Incorporated is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in February 1966, 60 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, Rta Incorporated reported income of $586k and spending of $623k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.3m to $586k (-89%), an average of -42% a year. The sharpest change came in the year to June 2020, when income dropped by 74%. Over the whole period it spent 25% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rta Incorporated sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Chester Community Improvement Project Inc ($586k), Institute for the Study of Learning and Expertise ($586k) and Frankford Senior Housing Associates ($586k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $73k (12% of expenses). Other salaries and wages came to $26k. At year end it held assets of $17.1m against liabilities of $5,597, net assets of $17.1m. It reported 3 employees.