Rye Fund for Education

Analysis

Rye Fund for Education is a registered charity in United States, based in Rye, NY. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Rye Fund for Education reported income of $274k and spending of $186k, leaving 32% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $17k to $274k (+1492%), an average of +152% a year. The sharpest change came in the year to June 2021, when income rose by 823%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rye Fund for Education sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include 4200 N 51st Inc ($274k), Vermont Employee Ownership Center Inc ($274k) and Munford High School Band Boosters ($274k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $629k against liabilities of $0, net assets of $629k.