Ramey-Estep Homes Inc

Analysis

Ramey-Estep Homes Inc is a registered charity in United States, based in Rush, KY. It received its IRS tax-exemption ruling in December 1958, 68 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, Ramey-Estep Homes Inc reported income of $15.0m and spending of $18.9m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.4m to $15.0m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2020, when income rose by 59%. 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, Ramey-Estep Homes Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Moses-Weitzman Health System Inc ($15.0m), Marillac St Vincent Family Services Inc ($15.0m) and Metropolitan Inter-Faith Assoc ($15.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 86% of the total. Other salaries and wages came to $11.1m. At year end it held assets of $13.8m against liabilities of $2.5m, net assets of $11.3m. It reported 325 employees.