Rio Grande Valley Community Foundation

Analysis

Rio Grande Valley Community Foundation is a registered charity in United States, based in McAllen, TX. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Rio Grande Valley Community Foundation reported income of $445k and spending of $340k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $445k (+103%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 175%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rio Grande Valley Community Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Jefferson Charitable Golf Foundatio N Inc ($445k), Lets Skate ($445k) and Friends of Brookline Rowing ($445k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.0% of the total. At year end it held assets of $886k against liabilities of $263k, net assets of $623k.