Rural Innovations in Social Economics Inc

Analysis

Rural Innovations in Social Economics Inc is a registered charity in United States, based in Esparto, CA. It received its IRS tax-exemption ruling in April 1992, 34 years ago. 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 June 2023, Rural Innovations in Social Economics Inc reported income of $2.7m and spending of $2.9m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.7m to $2.7m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 224%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rural Innovations in Social Economics Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Lotus School for Excellence Foundation ($2.6m), George Daly Housing Development Fund Company Inc ($2.7m) and Road Runners Club of America ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $170k (5.8% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.6m against liabilities of $739k, net assets of $1.8m. It reported 102 employees.