Rebuilding Together South Sound

Analysis

Rebuilding Together South Sound is a registered charity in United States, based in Lakewood, WA. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 August 2023, Rebuilding Together South Sound reported income of $1.1m and spending of $1.3m, spending 118% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $679k to $1.1m (+68%), an average of +19% a year. The sharpest change came in the year to August 2021, when income rose by 58%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rebuilding Together South Sound sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include Happy Landings Homes Inc ($1.1m), Saucony Cross Inc ($1.1m) and 24 1 Community Land Trust ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $102k (7.6% of expenses). Other salaries and wages came to $541k. At year end it held assets of $385k against liabilities of $244k, net assets of $141k. It reported 16 employees.