Rhizome DC

Analysis

Rhizome DC is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rhizome DC reported income of $224k and spending of $297k, spending 133% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $261k to $224k (-14%), an average of -7.5% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rhizome DC sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 31st percentile within DC. Charities of a similar size with the same main cause include TL Tango Lovers Organization Inc ($223k), History Alive Inc ($224k) and Middlebury Community TV ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $59k (20% of expenses). At year end it held assets of $19k against liabilities of $20k, net assets of -$1,446.