Regional Aid for Interim Needs Inc

Analysis

Regional Aid for Interim Needs Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 1967, 59 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Regional Aid for Interim Needs Inc reported income of $18.0m and spending of $17.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.7m to $18.0m (+7.7%), an average of +1.9% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Regional Aid for Interim Needs Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Hospice of Cleveland County Inc ($17.9m), Childrens Hope Alliance ($18.0m) and Church of the Brethren Home Inc ($17.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $116k (0.7% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $11.7m against liabilities of $4.3m, net assets of $7.4m. It reported 263 employees.