Ruth Page Foundation

Analysis

Ruth Page Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ruth Page Foundation reported income of $1.5m and spending of $2.4m, spending 159% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.5m (+3.0%), an average of +0.7% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 144% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ruth Page Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Miami Symphony Orchestra Inc ($1.5m), Houston International Seamens Center ($1.5m) and Dailys Foundation Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $120k (5.0% of expenses). Other salaries and wages came to $949k. At year end it held assets of $13.5m against liabilities of $2.1m, net assets of $11.4m. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.