Raphael Inc

Analysis

Raphael Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Raphael Inc reported income of $2.3m and spending of $2.3m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.3m (+20%), an average of +4.6% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Raphael Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Child Care Council of Nassau Inc ($2.3m), Crisis Center North Incorporation ($2.3m) and Better Food Foundation Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 96% of the total. At year end it held assets of $2.0m against liabilities of $703k, net assets of $1.3m.

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.