Rare Inc

Analysis

Rare Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 September 2023, Rare Inc reported income of $30.9m and spending of $32.1m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $37.6m to $30.9m (-18%), an average of -4.8% a year. The sharpest change came in the year to September 2021, when income rose by 64%. Over the whole period it spent 93% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Rare Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include The Living Desert ($30.6m), John Muir Land Trust ($31.1m) and Brooklyn Botanic Garden Corporation ($30.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $4.0m (12% of expenses). Other salaries and wages came to $11.6m. At year end it held assets of $40.5m against liabilities of $13.5m, net assets of $27.0m. It reported 102 employees.