Rescu Foundation Inc

Analysis

Rescu Foundation Inc is a registered charity in United States, based in Round Rock, TX. It received its IRS tax-exemption ruling in October 2003, 23 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, Rescu Foundation Inc reported income of $340k and spending of $253k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $264k to $340k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 126%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rescu Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Korean American Womens Association ($340k), Forward Foundation Va ($340k) and Milestone Community Development ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Other salaries and wages came to $52k. At year end it held assets of $946k against liabilities of $6,515, net assets of $939k. It reported 5 employees.