Rall Place Inc

Analysis

Rall Place Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Rall Place Inc reported income of $106k and spending of $168k, spending 159% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $94k to $106k (+12%), an average of +2.4% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rall Place Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within KY. Charities of a similar size with the same main cause include Ida Harmony House Inc ($106k), Sag Harbor Community Housing Trust Inc ($106k) and Sonrisa Apartments Inc ($106k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $247k against liabilities of $853k, net assets of -$605k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.