Iraas Residential Care Inc

Analysis

Iraas Residential Care Inc is a registered charity in United States, based in San Ramon, CA. It received its IRS tax-exemption ruling in February 2017, 9 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, Iraas Residential Care Inc reported income of $979k and spending of $1.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $661k to $979k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Iraas Residential Care Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Greene County Early Learning Center ($979k), Dreamz Work ($979k) and Lander Senior Citizens Center Inc ($979k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $317k (31% of expenses). Other salaries and wages came to $253k. At year end it held assets of $137k against liabilities of $13k, net assets of $124k. It reported 13 employees.