Rays Team Inc

Analysis

Rays Team Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 August 2022, Rays Team Inc reported income of $215k and spending of $211k, spending 98% of its income. Across the 4 years on record, from August 2019 to August 2022, income grew from $193k to $215k (+11%), an average of +3.6% a year. The sharpest change came in the year to August 2022, when income rose by 115%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rays Team Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Glenview Park Foundation Inc ($215k), Ridgefield Youth Football Inc ($215k) and The Right Step Inc ($215k).

On its Form 990 for the period ending August 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $62k. At year end it held assets of $36k against liabilities of $0, net assets of $36k.