Rice Foundation Inc

Analysis

Rice Foundation Inc is a registered charity in United States, based in Du Bois, PA. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rice Foundation Inc reported income of $211k and spending of $195k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $338k to $211k (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rice Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within PA. Charities of a similar size with the same main cause include Casa Colibri ($211k), Knots of Love Inc ($211k) and Act on Drugs Inc ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $91k (47% of expenses). At year end it held assets of $111k against liabilities of $83k, net assets of $28k. It reported 1 employees.