Respond Inc
Analysis
Respond Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in October 1975, 51 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 June 2023, Respond Inc reported income of $2.8m and spending of $2.8m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.8m (+87%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 98% of the income it received.
Among 62,758 United States charities whose main cause is poverty relief and that reported income, Respond Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Tuscarawas County Committee on Aging ($2.8m), Crosswinds Inc ($2.8m) and Farmers Market Fund ($2.8m).
On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $346k (12% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.0m against liabilities of $1.4m, net assets of $1.6m. It reported 27 employees.
Income and spending
Where the income comes from
- Contributions & grants 100%
Similar-sized charities, same cause
| Charity | Location | Income |
|---|---|---|
| Tuscarawas County Committee on Aging | Dover | $2.8m |
| Crosswinds Inc | Fort Wayne | $2.8m |
| Farmers Market Fund | Portland | $2.8m |
| Ronald McDonald House of Charlotte Inc | Charlotte | $2.8m |