Rakhma Inc

Analysis

Rakhma Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 November 2023, Rakhma Inc reported income of $2.7m and spending of $3.0m, spending 111% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income fell from $3.1m to $2.7m (-13%), an average of -3.6% a year. The sharpest change came in the year to November 2022, when income rose by 47%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rakhma Inc 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 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Mindful College Connections Inc ($2.7m), Ronald McDonald House Jacksonville Inc ($2.7m) and Holland Community Health Center ($2.7m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 4.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $113k (3.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $1.8m against liabilities of $437k, net assets of $1.3m. It reported 99 employees.