Rex Healthcare Inc

Analysis

Rex Healthcare Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rex Healthcare Inc reported income of $4.9m and spending of $5.0m, spending 100% of its income. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rex Healthcare Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Jesus Provides Our Daily Bread ($4.9m), South Carolina State University Foundation Inc ($5.0m) and Virginia Hall Nursing Home ($4.9m).

Other salaries and wages came to $2.5m. At year end it held assets of $59.7m against liabilities of $59.8m, net assets of -$48k.