Rair Inc

Analysis

Rair Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Rair Inc reported income of $615k and spending of $373k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $180k to $615k (+242%), an average of +36% a year. The sharpest change came in the year to June 2022, when income rose by 94%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rair Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Art Barn Community Theater Inc ($615k), Jansen Art Center ($615k) and Midsummers Music Ltd ($615k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $70k (19% of expenses). Other salaries and wages came to $163k. At year end it held assets of $528k against liabilities of $0, net assets of $528k. It reported 6 employees.