Ruths House Inc

Analysis

Ruths House Inc is a registered charity in United States, based in Shelton, CT. It received its IRS tax-exemption ruling in July 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 (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, Ruths House Inc reported income of $140k and spending of $75k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $459k to $140k (-69%), an average of -69% a year. The sharpest change came in the year to December 2023, when income dropped by 69%. Over the whole period it spent 20% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ruths House Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within CT. Charities of a similar size with the same main cause include The Chardi Kalaa Foundation ($140k), Camden Area Christian Food Pantry ($141k) and Bregman Cares Inc ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $9,358 (13% of expenses). Other salaries and wages came to $4,201. At year end it held assets of $757k against liabilities of $0, net assets of $757k.