Rasa II Economic Development Corporation

Analysis

Rasa II Economic Development Corporation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Rasa II Economic Development Corporation reported income of $936k and spending of $744k, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $647k to $936k (+45%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 83% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Rasa II Economic Development Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include Humanity in Action Inc ($935k), Compass Center for Families ($937k) and New Beginnings Apfv Inc ($935k).

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 $96k. At year end it held assets of $2.4m against liabilities of $1.7m, net assets of $671k.