Ricrack Inc

Analysis

Ricrack Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Ricrack Inc reported income of $211k and spending of $267k, spending 126% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $147k to $211k (+43%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ricrack Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within LA. Charities of a similar size with the same main cause include Rensselaerville Library ($211k), Gulf Coast-A Journal of Literature & Fine Arts ($211k) and Greater Recovery and Community Empowerment ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $57k (21% of expenses). Other salaries and wages came to $54k. At year end it held assets of $16k against liabilities of $4,188, net assets of $12k. It reported 10 employees.