Rapid Relief Team LLC

Analysis

Rapid Relief Team LLC is a registered charity in United States, based in Medina, OH. It received its IRS tax-exemption ruling in October 2021, 5 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 December 2023, Rapid Relief Team LLC reported income of $2.1m and spending of $659k, leaving 68% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $902k to $2.1m (+128%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 270%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rapid Relief Team LLC sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include A Well-Fed World ($2.1m), Nerrads House Inc ($2.1m) and Colorado Valley Transit Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 7.6% of the total. Other salaries and wages came to $139k. At year end it held assets of $2.8m against liabilities of $363k, net assets of $2.4m. It reported 1 employees.