RFS Charitable Foundation

Analysis

RFS Charitable Foundation is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, RFS Charitable Foundation reported income of $8.8m and spending of $9.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.8m to $8.8m (+0.3%), an average of +0.1% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. 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, RFS Charitable Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Mac Incorporated ($8.8m), University of Maryland Neurology Associates Pa ($8.8m) and Village Missions ($8.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Other salaries and wages came to $6.4m. At year end it held assets of $7.0m against liabilities of $2.1m, net assets of $4.8m. It reported 66 employees.