Raphah Institute

Analysis

Raphah Institute is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, 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 June 2023, Raphah Institute reported income of $1.4m and spending of $1.4m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $436k to $1.4m (+223%), an average of +48% a year. The sharpest change came in the year to June 2021, when income rose by 160%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Raphah Institute sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include Manufacturing Extension Partnership of New Hampshire Inc ($1.4m), Microtek Inc ($1.4m) and Habitat for Humanity Greater Garland Inc ($1.4m).

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 $106k (7.6% of expenses). Other salaries and wages came to $783k. At year end it held assets of $633k against liabilities of $205k, net assets of $429k. It reported 20 employees.