Nikolas Ritschel Foundation

Analysis

Nikolas Ritschel Foundation is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nikolas Ritschel Foundation reported income of $680k and spending of $434k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $680k (+167%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nikolas Ritschel Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Faegre Baker Daniels Foundation ($680k), Operation Patriots Fob Inc ($680k) and Love Inc of Nacogdoches Texas ($680k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $70k. At year end it held assets of $673k against liabilities of $26k, net assets of $647k.