Rachel Sovereign Memorial Home

Analysis

Rachel Sovereign Memorial Home is a registered charity in United States, based in Bay City, MI. It received its IRS tax-exemption ruling in January 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 October 2023, Rachel Sovereign Memorial Home reported income of $854k and spending of $852k, spending 100% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $469k to $854k (+82%), an average of +16% a year. The sharpest change came in the year to October 2020, when income rose by 38%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rachel Sovereign Memorial Home sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Abuse Alternatives Incorporated ($854k), Womens Crisis Center of Taney County Inc ($854k) and Jubilee Immigration Advocates ($854k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 10% and program service revenue 88% of the total. Other salaries and wages came to $537k. At year end it held assets of $869k against liabilities of $29k, net assets of $840k. It reported 27 employees.