Center for Rural Strategies Inc

Analysis

Center for Rural Strategies Inc is a registered charity in United States, based in Whitesburg, KY. It received its IRS tax-exemption ruling in April 2001, 25 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, Center for Rural Strategies Inc reported income of $2.3m and spending of $2.8m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $2.3m (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2022, when income rose by 100%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center for Rural Strategies 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 87th percentile within KY. Charities of a similar size with the same main cause include Raindrop of Dallas ($2.3m), Beverly J Searles Foundation ($2.3m) and Capital Pride Alliance Incorporated ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $380k (14% of expenses). Other salaries and wages came to $672k. At year end it held assets of $7.0m against liabilities of $99k, net assets of $6.9m. It reported 23 employees.