Religious Effort to Assist & Care for the Homeless Inc

Analysis

Religious Effort to Assist & Care for the Homeless Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in October 1990, 36 years ago. 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, Religious Effort to Assist & Care for the Homeless Inc reported income of $912k and spending of $931k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $551k to $912k (+66%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Religious Effort to Assist & Care for the Homeless Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Travis Towers Inc ($912k), Community Referral Agency Inc ($912k) and National Church Residences of ($912k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $76k (8.2% of expenses). Other salaries and wages came to $341k. At year end it held assets of $742k against liabilities of $197k, net assets of $545k. It reported 16 employees.