Ryder Home for the Elderly Inc

Analysis

Ryder Home for the Elderly Inc is a registered charity in United States, based in Humacao, PR. It received its IRS tax-exemption ruling in January 2009, 17 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Ryder Home for the Elderly Inc reported income of $1.0m and spending of $783k, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $749k to $1.0m (+36%), an average of +8.0% a year. The sharpest change came in the year to September 2023, when income rose by 29%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ryder Home for the Elderly Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 70th percentile within PR. Charities of a similar size with the same main cause include American Homeowners Association Inc ($1.0m), Rosemead Housing Development Corporation ($1.0m) and Beverly Normandie Housing Corporation ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $144k (18% of expenses). At year end it held assets of $1.5m against liabilities of $367k, net assets of $1.1m. It reported 7 employees.