Friends of Rwandan Education Inc

Analysis

Friends of Rwandan Education Inc is a registered charity in United States, based in Chagrin Falls, OH. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Friends of Rwandan Education Inc reported income of $279k and spending of $278k, spending 100% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $361k to $279k (-23%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 102% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Rwandan Education Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Helping Honduras Kids ($279k), Easy Water for Everyone ($279k) and Virtu ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.