Richard L Shorkey Education and Rehabilitation Center

Analysis

Richard L Shorkey Education and Rehabilitation Center is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in May 1948, 78 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Richard L Shorkey Education and Rehabilitation Center reported income of $2.3m and spending of $2.5m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.3m (+75%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Richard L Shorkey Education and Rehabilitation Center sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Tradition One ($2.3m), Tempo Group Counseling Services ($2.3m) and Mayflower Gardens Health Facilities Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $101k (4.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $904k against liabilities of $300k, net assets of $604k. It reported 79 employees.