Rupco Inc

Analysis

Rupco Inc is a registered charity in United States, based in Kingston, NY. It received its IRS tax-exemption ruling in March 1982, 44 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Rupco Inc reported income of $12.8m and spending of $14.2m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.6m to $12.8m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rupco Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Huntington at Nashua ($12.8m), Alliance for Behavioral & Developmental Disabilities Ltd ($12.9m) and Cocoon House ($12.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $409k (2.9% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $28.5m against liabilities of $13.6m, net assets of $14.9m. It reported 122 employees.