Ryhans Center of Hope Inc

Analysis

Ryhans Center of Hope Inc is a registered charity in United States, based in Bay Shore, NY. It received its IRS tax-exemption ruling in April 2009, 17 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 June 2023, Ryhans Center of Hope Inc reported income of $2.0m and spending of $2.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.4m to $2.0m (-17%), an average of -4.6% a year. 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, Ryhans Center of Hope Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Josephs House of Camden ($2.0m), Georgia Belle Apartments Inc ($2.0m) and Varick Homes Housing Dev Fund Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $158k (8.1% of expenses). Other salaries and wages came to $915k. At year end it held assets of $908k against liabilities of $242k, net assets of $666k. It reported 50 employees.