Rural Revitilization Corporation

Analysis

Rural Revitilization Corporation is a registered charity in United States, based in Olean, NY. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Rural Revitilization Corporation reported income of $322k and spending of $290k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $287k to $322k (+12%), an average of +3.0% a year. The sharpest change came in the year to June 2022, when income rose by 176%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rural Revitilization Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Tucson Values Teachers ($322k), Forest City Food Collective ($322k) and Growing Lucasville Opportunities Inc ($322k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 8.2% of the total. Other salaries and wages came to $36k. At year end it held assets of $419k against liabilities of $75k, net assets of $344k. It reported 4 employees.