Rice County Activity Center Inc

Analysis

Rice County Activity Center Inc is a registered charity in United States, based in Faribault, MN. It received its IRS tax-exemption ruling in October 1964, 62 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, Rice County Activity Center Inc reported income of $1.3m and spending of $1.0m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $852k to $1.3m (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rice County Activity Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include Almost Home ($1.3m), Rensselaerville Institute ($1.3m) and Foundation for Advocacy Conservatorship & Trust ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $61k (6.0% of expenses). Other salaries and wages came to $602k. At year end it held assets of $989k against liabilities of $4,518, net assets of $985k. It reported 31 employees.