Rice Institute Inc

Analysis

Rice Institute Inc is a registered charity in United States, based in Amston, CT. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Rice Institute Inc reported income of $2.5m and spending of $479k, leaving 81% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $395k to $2.5m (+522%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 1344%. Over the whole period it spent 49% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rice Institute Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Rockport Music Inc ($2.5m), Renaissance Theatre Company ($2.5m) and Antique Automobile Club of America ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $16k (3.3% of expenses). Other salaries and wages came to $377. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m. It reported 3 employees.