Roy James Rinehart Memorial Foundation

Analysis

Roy James Rinehart Memorial Foundation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in June 1967, 59 years ago. 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, Roy James Rinehart Memorial Foundation reported income of $1.5m and spending of $1.6m, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $898k to $1.5m (+68%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 102%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Roy James Rinehart Memorial Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MO. Charities of a similar size with the same main cause include American Foundation for the Courtauld Institute of Art ($1.5m), American Civil Liberties Union Foundation of Vermont Inc ($1.5m) and PTA New York Congress ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $30.5m against liabilities of $1.4m, net assets of $29.1m.