Rethos

Analysis

Rethos is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 1982, 44 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, Rethos reported income of $855k and spending of $1.7m, spending 203% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $855k (-40%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 49%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rethos sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Plumbers & Pipefitters ($855k), Boy Scouts of America ($855k) and Math Circles of Chicago ($855k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $132k (7.6% of expenses). Other salaries and wages came to $648k. It paid $138k in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $610k, net assets of $1.0m. It reported 15 employees.