Rucon Inc

Analysis

Rucon Inc is a registered charity in United States, based in Huntsville, TX. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rucon Inc reported income of $7.1m and spending of $7.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $7.1m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rucon Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Hospice Care Plus Inc ($7.1m), Areawide Aging Agency Inc ($7.1m) and California Community Opportunities Inc ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $927k (13% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $163k against liabilities of $0, net assets of $163k. It reported 112 employees.