Rural Employment Alternative

Analysis

Rural Employment Alternative is a registered charity in United States, based in Conroy, IA. It received its IRS tax-exemption ruling in September 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Rural Employment Alternative reported income of $620k and spending of $592k, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $547k to $620k (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rural Employment Alternative sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within IA. Charities of a similar size with the same main cause include West Virginia Soccer Association Inc ($620k), Tusen Tack ($620k) and Ministers Fellowship International ($620k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $64k (11% of expenses). Other salaries and wages came to $320k. At year end it held assets of $511k against liabilities of $366k, net assets of $145k. It reported 11 employees.