Ritelife Services Inc

Analysis

Ritelife Services Inc is a registered charity in United States, based in Port St Lucie, FL. It received its IRS tax-exemption ruling in November 2021, 5 years ago. 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 April 2023, Ritelife Services Inc reported income of $1.0m and spending of $929k, spending 89% of its income. Across the 2 years on record, from April 2022 to April 2023, income grew from $417k to $1.0m (+151%), an average of +151% a year. The sharpest change came in the year to April 2023, when income rose by 151%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ritelife Services 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 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Citadel Association Inc ($1.0m), Tinkers Creek Watershed Partnersinc ($1.0m) and Diakonia Housing Inc ($1.0m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $28k (3.0% of expenses). Other salaries and wages came to $437k. At year end it held assets of $129k against liabilities of $0, net assets of $129k.