Rayim for Chaim Inc

Analysis

Rayim for Chaim Inc is a registered charity in United States, based in Monroe, NY. It received its IRS tax-exemption ruling in December 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, Rayim for Chaim Inc reported income of $5.3m and spending of $6.3m, spending 118% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $100 to $5.3m (+5318327%), an average of +22962% a year. The sharpest change came in the year to December 2022, when income rose by 1658236%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rayim for Chaim Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Northwest Nutrition Service ($5.3m), Young Mens Christian Association of Golden Crescent Inc ($5.3m) and Liberty House ($5.3m).

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 $204k (3.3% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $1.7m against liabilities of $2.5m, net assets of -$818k. It reported 85 employees.