Rcap Solutions Financial Servicesinc

Analysis

Rcap Solutions Financial Servicesinc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in September 2009, 17 years ago. 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 June 2023, Rcap Solutions Financial Servicesinc reported income of $215k and spending of $129k, leaving 40% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $249k to $215k (-14%), an average of -3.6% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rcap Solutions Financial Servicesinc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Adventist Homes Inc ($215k), Lake Hills Soccer Club ($215k) and Olford Ministries International Inc ($215k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. At year end it held assets of $14.9m against liabilities of $14.1m, net assets of $801k.