Relay Resources

Analysis

Relay Resources is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 1952, 74 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Relay Resources reported income of $54.7m and spending of $57.9m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $44.0m to $54.7m (+24%), an average of +5.6% a year. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Relay Resources sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OR. Charities of a similar size with the same main cause include Goodwill Retail Services ($53.9m), Goodwill Industries of the Inland Northwest ($55.0m) and Goodwill of Western and Northern Connecticut Inc ($53.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $678k (1.2% of expenses). Other salaries and wages came to $27.1m. It paid $5,000 in professional fundraising fees. At year end it held assets of $75.9m against liabilities of $14.5m, net assets of $61.4m. It reported 976 employees.