Raes Hope Inc

Analysis

Raes Hope Inc is a registered charity in United States, based in Rockwall, TX. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Raes Hope Inc reported income of $324k and spending of $145k, leaving 55% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $76k to $324k (+323%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 987%. Over the whole period it spent 47% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Raes Hope Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Boy Scouts of America ($323k), Marys Place ($324k) and City Hearts Kids Say Yes to the Arts L a Fringe Theatre Inc ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $22k (15% of expenses). At year end it held assets of $287k against liabilities of $4,785, net assets of $282k.