Right Inc

Analysis

Right Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Right Inc reported income of $196k and spending of $227k, spending 116% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $141k to $196k (+38%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 124% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Right Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 29th percentile within DC. Charities of a similar size with the same main cause include Mill Creek Rotary Foundation ($196k), Wyoming County Community Alliance Inc ($196k) and Lawrence County Coalition ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $60k. At year end it held assets of $409k against liabilities of $262k, net assets of $147k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.