Rar-Ma Inc

Analysis

Rar-Ma Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Rar-Ma Inc reported income of $1.5m and spending of $1.4m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $846k to $1.5m (+73%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rar-Ma Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Mana Maoli ($1.5m), Gardeneers ($1.5m) and Redlands Educational Partnership ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $170k (12% of expenses). Other salaries and wages came to $719k. It paid $66k in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $145k, net assets of $1.4m. It reported 12 employees.