Rih Ventures

Analysis

Rih Ventures is a registered charity in United States, based in Providence, RI. 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), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Rih Ventures reported income of $9.0m and spending of $9.0m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.8m to $9.0m (+2.0%), an average of +0.5% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rih Ventures 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 93rd percentile within RI. Charities of a similar size with the same main cause include Mary Crane League ($8.9m), National Review Institute ($9.0m) and Winton Hills Medical & Health Center ($8.9m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 88% of the total. At year end it held assets of $3.5m against liabilities of $318k, net assets of $3.2m.