St Rita School for the Deaf

Analysis

St Rita School for the Deaf is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in October 1941, 85 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, St Rita School for the Deaf reported income of $5.5m and spending of $5.8m, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $5.9m to $5.5m (-6.4%), an average of -1.6% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Rita School for the Deaf sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Young Mens Christian Association of Monroe County Inc ($5.5m), Hayden High School Foundation ($5.5m) and Central Mississippi Health Services Inc ($5.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $231k (4.0% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $6.8m against liabilities of $360k, net assets of $6.5m. It reported 86 employees.