Cy Rapp and Carolyn Rapp Test Charitable Remainder TR

Analysis

Cy Rapp and Carolyn Rapp Test Charitable Remainder TR is a registered charity in United States, based in Shenandoah, IA. It received its IRS tax-exemption ruling in February 2004, 22 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cy Rapp and Carolyn Rapp Test Charitable Remainder TR reported income of $192k and spending of $145k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $898k to $192k (-79%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 27% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cy Rapp and Carolyn Rapp Test Charitable Remainder TR sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IA. Charities of a similar size with the same main cause include Kapalua Maui Charities Inc ($192k), Shirley Meadows Foundation ($192k) and Mennen Environmental Foundation Inc ($192k).

At year end it held assets of $5.6m against liabilities of $38k, net assets of $5.6m.