Razing the Bar

Analysis

Razing the Bar is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in December 2009, 17 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 June 2023, Razing the Bar reported income of $330k and spending of $403k, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $251k to $330k (+32%), an average of +9.6% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Razing the Bar sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Valley Light Programs Inc ($330k), Corwyns Cause Inc ($330k) and Opportunity House of Greene County Inc ($330k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $79k (20% of expenses). Other salaries and wages came to $76k. It paid $18k in professional fundraising fees. At year end it held assets of $96k against liabilities of $0, net assets of $96k. It reported 5 employees.