Risk Management Foundation

Analysis

Risk Management Foundation is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 July 2023, Risk Management Foundation reported income of $5.1m and spending of $5.2m, spending 102% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $5.6m to $5.1m (-9.1%), an average of -2.4% a year. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Risk Management Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Cactus Health Services Inc ($5.1m), Ten Sixteen Recovery Network ($5.1m) and Friendship Bench Inc ($5.1m).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 85% of the total. Compensation of current officers, directors and key employees was $129k (2.5% of expenses). Other salaries and wages came to $300k. At year end it held assets of $22.1m against liabilities of $2.5m, net assets of $19.5m. It reported 6 employees.