RX Research Services Foundation

Analysis

RX Research Services Foundation is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, RX Research Services Foundation reported income of $126k and spending of $153k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $32k to $126k (+299%), an average of +299% a year. The sharpest change came in the year to December 2023, when income rose by 299%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, RX Research Services Foundation sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Peacedale Global Arts Inc ($126k), Kansas Narcotic Officers Association ($126k) and Cedar Lee Special Improvement District ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.