Ricca

Analysis

Ricca is a registered charity in United States, based in East Moline, IL. It received its IRS tax-exemption ruling in July 1963, 63 years ago. 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, Ricca reported income of $1.3m and spending of $1.4m, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.0m to $1.3m (+20%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ricca sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Big Lakes Foundation Inc ($1.3m), People for Community Recovery ($1.3m) and New Day Childrens Center Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $65k (4.6% of expenses). Other salaries and wages came to $814k. At year end it held assets of $2.6m against liabilities of $467k, net assets of $2.2m. It reported 31 employees.