House of Ruth

Analysis

House of Ruth is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, House of Ruth reported income of $408k and spending of $349k, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $276k to $408k (+48%), an average of +10% a year. The sharpest change came in the year to September 2021, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, House of Ruth sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Ohio Multi-County Development Corporation ($407k), Savage Agricultural Vocational and Growth Endeavor ($408k) and Alberta Woods Housing Development Fund Corporation ($407k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. At year end it held assets of $493k against liabilities of $39k, net assets of $454k.