Rhoneymeade Inc

Analysis

Rhoneymeade Inc is a registered charity in United States, based in Centre Hall, PA. It received its IRS tax-exemption ruling in August 2022, 4 years ago. 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 December 2023, Rhoneymeade Inc reported income of $73k and spending of $83k, spending 114% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $80k to $73k (-8.9%), an average of -4.5% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rhoneymeade Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within PA. Charities of a similar size with the same main cause include Pearland I S D Booster Clubs Inc ($73k), Clinton County Arts Council Inc ($73k) and Cambodian Buddhist Society Inc ($73k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. Compensation of current officers, directors and key employees was $21k (26% of expenses). At year end it held assets of $804k against liabilities of $2,387, net assets of $802k. It reported 1 employees.