Raimo Residence

Analysis

Raimo Residence is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Raimo Residence reported income of $71k and spending of $67k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $71k (+19%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Raimo Residence sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity of Morgan County Inc ($71k), Elevare Community ($71k) and Schaadt Apartment Corporation ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $45k against liabilities of $49k, net assets of -$3,710.