Rai Ministries Inc

Analysis

Rai Ministries Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 2009, 17 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 2024, Rai Ministries Inc reported income of $564k and spending of $652k, spending 116% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $839k to $564k (-33%), an average of -7.6% a year. The sharpest change came in the year to June 2022, when income rose by 106%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rai Ministries Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within LA. Charities of a similar size with the same main cause include Franciscan Community Development Center of Fairview ($563k), Parent Services Project Inc ($564k) and Community Soup Kitchen Inc ($563k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $72k (11% of expenses). Other salaries and wages came to $163k. At year end it held assets of $913k against liabilities of $30k, net assets of $883k. It reported 6 employees.