Reliable Enterprises

Analysis

Reliable Enterprises is a registered charity in United States, based in Centralia, WA. It received its IRS tax-exemption ruling in August 1990, 36 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 June 2023, Reliable Enterprises reported income of $19.5m and spending of $19.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.0m to $19.5m (+95%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reliable Enterprises sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Samaritan Bethany Inc ($19.5m), Operation Sharing Tennessee ($19.6m) and Seniorage Area Agency on Aging ($19.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $277k (1.4% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $19.2m against liabilities of $15.9m, net assets of $3.3m. It reported 85 employees.