Richmeier Therapeutic Homeincorporated

Analysis

Richmeier Therapeutic Homeincorporated is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in July 2007, 19 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 June 2023, Richmeier Therapeutic Homeincorporated reported income of $2.3m and spending of $2.3m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.3m (+52%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 41%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Richmeier Therapeutic Homeincorporated sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Northwest Health Enterprises ($2.3m), New Horizons Disability Empowerment Center ($2.3m) and Small Magic ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $72k (3.1% of expenses). Other salaries and wages came to $672k. At year end it held assets of $186k against liabilities of $32k, net assets of $154k. It reported 19 employees.