RPM Foundation

Analysis

RPM Foundation is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in May 2005, 21 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, RPM Foundation reported income of $467k and spending of $376k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $770k to $467k (-39%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 174%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, RPM Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within WA. Charities of a similar size with the same main cause include Hartbeat Ensemble Inc ($467k), Riverbend Equine Therapy Services Inc ($467k) and South Carolina Civil Rights Museum ($467k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $113k (30% of expenses). Other salaries and wages came to $86k. At year end it held assets of $656k against liabilities of $150k, net assets of $506k. It reported 1 employees.