Randolph Area Foundation Inc

Analysis

Randolph Area Foundation Inc is a registered charity in United States, based in Randolph, NE. It received its IRS tax-exemption ruling in April 1994, 32 years ago. 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, Randolph Area Foundation Inc reported income of $163k and spending of $57k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $243k to $163k (-33%), an average of -9.5% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Randolph Area Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NE. Charities of a similar size with the same main cause include Pamlico Community College Foundation Inc ($163k), Riverview High School Foundation Inc ($163k) and Sports Outreach ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $457k against liabilities of $0, net assets of $457k.