SRS Raise the Roof Foundation Inc

Analysis

SRS Raise the Roof Foundation Inc is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in June 2014, 12 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, SRS Raise the Roof Foundation Inc reported income of $3.2m and spending of $3.6m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.2m (+170%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, SRS Raise the Roof Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Benefits in Action ($3.2m), Avenues to Community Inc ($3.2m) and South Chicago Parents and Friends Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 54% of the total. Other salaries and wages came to $88k. At year end it held assets of $15.0m against liabilities of $1.8m, net assets of $13.2m. It reported 1 employees.