Runnemede Industries Inc

Analysis

Runnemede Industries Inc is a registered charity in United States, based in Cherry Hill, NJ. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Runnemede Industries Inc reported income of $2.6m and spending of $2.5m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $2.6m (+59%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 79%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Runnemede Industries Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Project Purple Inc ($2.6m), Robertson Community Health Foundation Inc ($2.6m) and House of Hope Foundation Inc ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $316k. At year end it held assets of $143k against liabilities of $38k, net assets of $105k. It reported 17 employees.