Mary Rutan Foundation

Analysis

Mary Rutan Foundation is a registered charity in United States, based in Bellefontaine, OH. It received its IRS tax-exemption ruling in January 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mary Rutan Foundation reported income of $746k and spending of $240k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $690k to $746k (+8.1%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 618%. Over the whole period it spent 30% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mary Rutan Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Little Johns Restaurant Inc ($746k), Heritage Community of Kalamazoo Foundation Inc ($746k) and Foundation of Monroe County Community Schools Inc ($746k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $7.8m against liabilities of $190k, net assets of $7.6m.