RSM Foundation Inc

Analysis

RSM Foundation Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, RSM Foundation Inc reported income of $139k and spending of $131k, spending 94% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $143k to $139k (-2.9%), an average of -2.9% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, RSM Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Redwood Classical Academy ($139k), Link Educational Group ($139k) and Parent Booster USA Inc ($139k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. At year end it held assets of $409k against liabilities of $151k, net assets of $258k.