Rileys Way Foundation Inc

Analysis

Rileys Way Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2014, 12 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 (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, Rileys Way Foundation Inc reported income of $1.3m and spending of $1.7m, spending 128% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $751k to $1.3m (+74%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 151%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rileys Way Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Former Agents of the Fbi Foundation ($1.3m), United Way of South Sarasota County Inc ($1.3m) and Little Heroes League ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $233k (14% of expenses). Other salaries and wages came to $690k. It paid $45k in professional fundraising fees. At year end it held assets of $5.4m against liabilities of $27k, net assets of $5.4m. It reported 10 employees.