Rutland Place Inc

Analysis

Rutland Place Inc is a registered charity in United States, based in Mount Juliet, TN. It received its IRS tax-exemption ruling in October 2004, 22 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 December 2023, Rutland Place Inc reported income of $3.8m and spending of $4.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $3.8m (+5.6%), an average of +1.4% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rutland Place Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($3.8m), Housing and Neighborhood Development Service ($3.8m) and Headlands Foundation ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $8.9m against liabilities of $15.5m, net assets of -$6.6m. It reported 69 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.