Rayne Elderly Housing Corporation

Analysis

Rayne Elderly Housing Corporation is a registered charity in United States, based in Rayne, LA. It received its IRS tax-exemption ruling in March 1997, 29 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 December 2023, Rayne Elderly Housing Corporation reported income of $213k and spending of $211k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $213k (+6.0%), an average of +1.5% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rayne Elderly Housing Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within LA. Charities of a similar size with the same main cause include Beloit Assisted Living Inc ($213k), Jals Inc ($213k) and Resolute Adult Living Facility ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 95% of the total. Other salaries and wages came to $32k. At year end it held assets of $1.0m against liabilities of $169k, net assets of $858k. It reported 5 employees.