Rural Development Inc

Analysis

Rural Development Inc is a registered charity in United States, based in Turners Falls, MA. It received its IRS tax-exemption ruling in April 1992, 34 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, Rural Development Inc reported income of $347k and spending of $345k, spending 99% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $302k to $347k (+15%), an average of +2.9% a year. The sharpest change came in the year to June 2021, when income rose by 450%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rural Development Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Dudley Neighbors Incorporated ($347k), Rockport Affordable Housing Inc ($347k) and Hills and Rivers Housing Trust ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 67% of the total. At year end it held assets of $3.5m against liabilities of $2.7m, net assets of $806k.