Rite Aid Healthy Futures

Analysis

Rite Aid Healthy Futures is a registered charity in United States, based in Etters, PA. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rite Aid Healthy Futures reported income of $10.7m and spending of $12.2m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $16.6m to $10.7m (-35%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 131% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rite Aid Healthy Futures sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Goodwill Services Inc ($10.7m), Nuevo Amanecer Latino Childrens Services ($10.7m) and Safe Nest Temporary Assistance for Domestic Crisis Inc ($10.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $22.4m against liabilities of $1.3m, net assets of $21.0m.