Ravens Foundation Inc

Analysis

Ravens Foundation Inc is a registered charity in United States, based in Owings Mills, MD. It received its IRS tax-exemption ruling in September 1998, 28 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, Ravens Foundation Inc reported income of $716k and spending of $755k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $840k to $716k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ravens Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Hephzibah Ministries Inc ($716k), Victor Farmington Food Cupboard Inc ($716k) and Restored Inc ($716k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.1% of the total. At year end it held assets of $517k against liabilities of $345k, net assets of $172k.