Relate Inc

Analysis

Relate Inc is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in March 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Relate Inc reported income of $9.2m and spending of $9.7m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $9.2m (+98%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Relate Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include East Boston Social Centers Inc ($9.2m), Chestnut Hill Benevolent Association ($9.2m) and New Cassel Inc ($9.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $336k (3.5% of expenses). Other salaries and wages came to $6.5m. It paid $41k in professional fundraising fees. At year end it held assets of $6.6m against liabilities of $4.7m, net assets of $2.0m. It reported 160 employees.