Raedi Foundation

Analysis

Raedi Foundation is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in October 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Raedi Foundation reported income of $441k and spending of $460k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $519k to $441k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Raedi Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Omaha Academy of Ballet ($441k), Camp Haluwasa Inc ($441k) and El Campo Area Work Shop for Developmentally Disabled Inc ($441k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $154k against liabilities of $15k, net assets of $140k.