Relief Enterprise Inc

Analysis

Relief Enterprise Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Relief Enterprise Inc reported income of $11.7m and spending of $10.9m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.1m to $11.7m (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Relief Enterprise Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Sheet Metal Workers 104 & Bay Area Industry Training Fund ($11.7m), Operating Engineers Local 825 ($11.7m) and Massachusetts Manufacturing Extension Partnership Inc ($11.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $5.9m. At year end it held assets of $3.6m against liabilities of $2.0m, net assets of $1.6m. It reported 217 employees.