Regional Contracting Assistance Center Inc

Analysis

Regional Contracting Assistance Center Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in October 1988, 38 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 July 2023, Regional Contracting Assistance Center Inc reported income of $784k and spending of $739k, spending 94% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $581k to $784k (+35%), an average of +7.8% a year. The sharpest change came in the year to July 2022, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Regional Contracting Assistance Center Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within WV. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($783k), Lead Virginia ($784k) and Lsa Therapy Inc ($783k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $80k (11% of expenses). Other salaries and wages came to $259k. At year end it held assets of $624k against liabilities of $290k, net assets of $334k. It reported 6 employees.