The Ramey-Estep Homes Foundation Inc

Analysis

The Ramey-Estep Homes Foundation Inc is a registered charity in United States, based in Rush, KY. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Ramey-Estep Homes Foundation Inc reported income of $824k and spending of $1.6m, spending 198% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $824k (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Ramey-Estep Homes Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within KY. Charities of a similar size with the same main cause include Fredrikson & Byron Foundation ($824k), Hugo Dixon Foundation ($824k) and Garden Gate Ranch Inc ($823k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% of the total. Other salaries and wages came to $15k. At year end it held assets of $17.2m against liabilities of $189k, net assets of $17.1m.