Razias Ray of Hope Foundation

Analysis

Razias Ray of Hope Foundation is a registered charity in United States, based in Wellesley HLS, MA. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Razias Ray of Hope Foundation reported income of $631k and spending of $1.1m, spending 171% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $676k to $631k (-6.6%), an average of -1.7% a year. The sharpest change came in the year to December 2020, when income rose by 758%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Razias Ray of Hope Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Sunshine Cottage Land Corporation ($631k), Castle Island Bilingual Montessori ($631k) and Palm Harbor Academy Inc ($631k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $266k (25% of expenses). Other salaries and wages came to $187k. At year end it held assets of $4.4m against liabilities of $98k, net assets of $4.3m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.