Ruminco Ltd

Analysis

Ruminco Ltd is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3).

In the financial year ending June 2023, Ruminco Ltd reported income of $8.8m and spending of $5.6m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $8.8m (+84%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ruminco Ltd sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include New Horizons Rehabilitation Inc ($8.8m), The American Geriatrics Society Inc ($8.8m) and Prevent Child Abuse America ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 82% of the total. At year end it held assets of $71.7m against liabilities of $6.2m, net assets of $65.6m.