Riceville Community Rest Home

Analysis

Riceville Community Rest Home is a registered charity in United States, based in Riceville, IA. It received its IRS tax-exemption ruling in December 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Riceville Community Rest Home reported income of $2.8m and spending of $2.6m, spending 93% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.2m to $2.8m (+25%), an average of +5.7% a year. The sharpest change came in the year to March 2021, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riceville Community Rest Home sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within IA. Charities of a similar size with the same main cause include Crisis Services of North Alabama ($2.8m), New England Business Associates Inc ($2.8m) and Boy Scouts of America ($2.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $1.2m against liabilities of $166k, net assets of $1.0m. It reported 76 employees.