Ruthies Inc

Analysis

Ruthies Inc is a registered charity in United States, based in Provincetown, MA. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 May 2023, Ruthies Inc reported income of $67k and spending of $61k, spending 91% of its income. Across the 2 years on record, from May 2022 to May 2023, income grew from $62k to $67k (+7.6%), an average of +7.6% a year. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ruthies Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 35th percentile within MA. Charities of a similar size with the same main cause include Mary Durstine McArtor Reynolds Memorial Giving Fund Inc ($67k), South Bend Rotary Charitable Foundation Inc ($67k) and Worcester County Beekeepers Association Incorporated ($67k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 3.4% and program service revenue 96% of the total. At year end it held assets of $42k against liabilities of $356, net assets of $42k.