Ruths Refuge Inc

Analysis

Ruths Refuge Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2019, 7 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 December 2023, Ruths Refuge Inc reported income of $457k and spending of $327k, leaving 28% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $280k to $457k (+63%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ruths Refuge Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Family Shelter of McCulloch County ($457k), Its Going to Be Ok Inc ($457k) and Canon City Golden Age Council Inc ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $45k (14% of expenses). Other salaries and wages came to $72k. At year end it held assets of $308k against liabilities of $7,793, net assets of $300k. It reported 4 employees.