Ryder Assisted Care III Inc

Analysis

Ryder Assisted Care III Inc is a registered charity in United States, based in Humacao, PR. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Ryder Assisted Care III Inc reported income of $231k and spending of $254k, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $224k to $231k (+3.0%), an average of +0.8% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ryder Assisted Care III Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 40th percentile within PR. Charities of a similar size with the same main cause include Bethany Homes Inc ($231k), Jackson House II Inc ($231k) and Arlington Apartments Housing Development Fund Corporation ($231k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $27k (11% of expenses). At year end it held assets of $1.3m against liabilities of $24k, net assets of $1.2m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.