Raaz Associates Inc

Analysis

Raaz Associates Inc is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in February 2021, 5 years ago. 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 December 2023, Raaz Associates Inc reported income of $1.0m and spending of $1.0m, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $179k to $1.0m (+471%), an average of +471% a year. The sharpest change came in the year to December 2023, when income rose by 471%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Raaz Associates Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Maryland Consumer Rights Coalition Inc ($1.0m), The Learning Alliance Foundation Inc ($1.0m) and International Language Institute of Ma Inc ($1.0m).

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 $49k (4.8% of expenses). Other salaries and wages came to $32k. At year end it held assets of $364k against liabilities of $330k, net assets of $34k. It reported 5 employees.