Rio Rancho Community Foundation Inc

Analysis

Rio Rancho Community Foundation Inc is a registered charity in United States, based in Rio Rancho, NM. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Rio Rancho Community Foundation Inc reported income of $94k and spending of $61k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $113k to $94k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rio Rancho Community Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 31st percentile within NM. Charities of a similar size with the same main cause include Ohio Valley Golf Association ($94k), Sumando Manos Foundation Inc ($94k) and Minnesota Foundation for Fiscal Excellence ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $192k against liabilities of $0, net assets of $192k.