Rilite Foundation

Analysis

Rilite Foundation is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Rilite Foundation reported income of $709k and spending of $675k, spending 95% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $663k to $709k (+7.0%), an average of +1.7% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rilite Foundation 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 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Arkansas Pharmacy Foundation ($709k), Health System Physician PC ($710k) and Western New York Council on Occupational Safety & Health Inc ($709k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,994 against liabilities of $41k, net assets of -$39k.