Responsible Business Alliance Foundation

Analysis

Responsible Business Alliance Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Responsible Business Alliance Foundation reported income of $2.2m and spending of $2.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.2m (+86%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Responsible Business Alliance Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Partnership for Children and Youth ($2.2m), Jackson County Economic Development Foundation Inc ($2.2m) and Hart Center ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $1.7m against liabilities of $797k, net assets of $922k.