Ross-Ade Foundation

Analysis

Ross-Ade Foundation is a registered charity in United States, based in West Lafayette, IN. It received its IRS tax-exemption ruling in February 1936, 90 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Ross-Ade Foundation reported income of $3.9m and spending of $3.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.0m to $3.9m (-35%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ross-Ade Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include The Peer Power Foundation Inc ($3.9m), Communities in Schools of Virginia ($3.9m) and Paragon Collegiate Academy ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 0.2% of the total. At year end it held assets of $171.9m against liabilities of $168.0m, net assets of $3.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.