Ruth Project Ministries

Analysis

Ruth Project Ministries is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in January 2021, 5 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, Ruth Project Ministries reported income of $666k and spending of $771k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $636k to $666k (+4.6%), an average of +4.6% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ruth Project Ministries sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Hope Clinic Inc ($665k), Sarah House Inc ($666k) and Campus Fun & Learn Child Developmen T Center Inc ($665k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $209k (27% of expenses). Other salaries and wages came to $36k. At year end it held assets of $118k against liabilities of $38k, net assets of $80k. It reported 4 employees.