Ria Inc

Analysis

Ria Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in May 2014, 12 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, Ria Inc reported income of $726k and spending of $852k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $404k to $726k (+80%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 72%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ria Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Estancias Del Angel Presbiteriana Inc ($725k), Telacu Housing-Monterey Park Inc ($726k) and Townsend Elderly Residences Inc ($725k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $611k (72% of expenses). At year end it held assets of $326k against liabilities of $40k, net assets of $286k. It reported 9 employees.