Rawhide Inc

Analysis

Rawhide Inc is a registered charity in United States, based in New London, WI. It received its IRS tax-exemption ruling in August 1966, 60 years ago. 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, Rawhide Inc reported income of $20.6m and spending of $22.5m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.4m to $20.6m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rawhide Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include Goodwill Industries of Northeastern Pa ($20.6m), Community Medical and Dental Care ($20.6m) and Food for Lane County ($20.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $306k (1.4% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $37.8m against liabilities of $6.6m, net assets of $31.2m. It reported 287 employees.