Rad-Aid International Inc

Analysis

Rad-Aid International Inc is a registered charity in United States, based in Chevy Chase, MD. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Rad-Aid International Inc reported income of $2.8m and spending of $1.9m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $567k to $2.8m (+389%), an average of +49% a year. The sharpest change came in the year to December 2020, when income rose by 2657%. Over the whole period it spent 47% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rad-Aid International Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Community Pathways ($2.8m), Fredericksburg Community Health Ctr ($2.8m) and Yourcare Health Plan Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $325k (17% of expenses). Other salaries and wages came to $109k. At year end it held assets of $14.5m against liabilities of $2.0m, net assets of $12.6m. It reported 4 employees.