Ruthe B Cowl Rehabilitation Center

Analysis

Ruthe B Cowl Rehabilitation Center is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in June 1961, 65 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2022, Ruthe B Cowl Rehabilitation Center reported income of $2.8m and spending of $2.1m, leaving 24% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $1.6m to $2.8m (+73%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ruthe B Cowl Rehabilitation Center sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Magnolia Speech School for the Deaf ($2.8m), Spina Bifida Association of America ($2.8m) and Texas J Regional Advisory Council 10021998 ($2.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 41% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $70k (3.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.3m against liabilities of $55k, net assets of $2.3m. It reported 47 employees.