Rhi Foundation Inc

Analysis

Rhi Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rhi Foundation Inc reported income of $973k and spending of $687k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $973k (+155%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 118%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rhi Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include Kathrine R Everett Charitable Testamentary Trust ($972k), Lula Lake Land Trust ($973k) and Judson Foundation ($972k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $225k (33% of expenses). At year end it held assets of $964k against liabilities of $989k, net assets of -$25k. It reported 1 employees.