R T Industries Inc

Analysis

R T Industries Inc is a registered charity in United States, based in Troy, OH. It received its IRS tax-exemption ruling in December 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, R T Industries Inc reported income of $3.3m and spending of $3.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $3.3m (-14%), an average of -3.6% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, R T Industries Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Brightbeam Inc ($3.3m), Dallas Services ($3.3m) and Mid Cities Learning Center Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $103k (3.1% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $4.5m against liabilities of $165k, net assets of $4.3m. It reported 149 employees.