Raintree Services Inc

Analysis

Raintree Services Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in October 1941, 85 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 June 2023, Raintree Services Inc reported income of $3.0m and spending of $2.7m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.0m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Raintree Services 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 89th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include Community Young Mens Christian Assoc of Danvers Ma Inc ($3.0m), Transforming Power Fund ($3.0m) and After-School All-Stars Hawaii ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $145k (5.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.3m against liabilities of $65k, net assets of $5.2m. It reported 43 employees.