Rutherford Lifeservices Inc

Analysis

Rutherford Lifeservices Inc is a registered charity in United States, based in Spindale, NC. It received its IRS tax-exemption ruling in August 1969, 57 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rutherford Lifeservices Inc reported income of $2.2m and spending of $1.8m, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.8m to $2.2m (+20%), an average of +6.2% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rutherford Lifeservices Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Schaefer Rehabilitation Center Inc ($2.2m), Forward Careers Inc ($2.2m) and Colorstack ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $75k (4.3% of expenses). Other salaries and wages came to $795k. At year end it held assets of $2.9m against liabilities of $107k, net assets of $2.8m. It reported 80 employees.