Raintree Friends Housing Inc

Analysis

Raintree Friends Housing Inc is a registered charity in United States, based in New Castle, IN. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Raintree Friends Housing Inc reported income of $1.3m and spending of $1.2m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.3m (-4.0%), an average of -1.0% a year. The sharpest change came in the year to June 2020, when income dropped by 16%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Raintree Friends Housing Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Ohio County & Independent Agricultural Societies ($1.3m), Interchurch Social Services of Knox County Inc ($1.3m) and Missouri Budget Project ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $489k. At year end it held assets of $1.7m against liabilities of $2.5m, net assets of -$861k.