Rhizome Communications Inc

Analysis

Rhizome Communications Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Rhizome Communications Inc reported income of $882k and spending of $1.3m, spending 149% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $690k to $882k (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 176%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rhizome Communications Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Piedmont Players Theatre Inc ($882k), Kansas Aviation Museum Inc ($882k) and Vision Historic Preservation Foundation ($882k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $238k (18% of expenses). Other salaries and wages came to $332k. At year end it held assets of $1.1m against liabilities of $473k, net assets of $675k. It reported 9 employees.