Rave Foundation

Analysis

Rave Foundation is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Rave Foundation reported income of $1.9m and spending of $1.3m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $424k to $1.9m (+337%), an average of +45% a year. The sharpest change came in the year to December 2020, when income rose by 260%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rave Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Major League Baseball Players TR ($1.9m), Rhode Island Interscholastic League Inc ($1.9m) and Grand Forks Parks and Recreationfoundation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $185k (14% of expenses). Other salaries and wages came to $157k. At year end it held assets of $825k against liabilities of $0, net assets of $825k. It reported 5 employees.