Foundation for Rhodes Homes Inc

Analysis

Foundation for Rhodes Homes Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Foundation for Rhodes Homes Inc reported income of $1.4m and spending of $1.1m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.4m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 202%. Over the whole period it spent 67% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Rhodes Homes Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within GA. Charities of a similar size with the same main cause include Rachel Covey Foundation ($1.4m), Grace Sober Living ($1.4m) and Vermont Committee for AIDS Resources Education & Services ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $11.6m against liabilities of $3.6m, net assets of $8.0m.