R Michael Rhoades Foundation

Analysis

R Michael Rhoades Foundation is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in December 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, R Michael Rhoades Foundation reported income of $159k and spending of $140k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $157k to $159k (+1.6%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 154%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, R Michael Rhoades Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within KS. Charities of a similar size with the same main cause include Holy Name of Camden Ministries ($159k), South Texas Youth Soccer Association ($159k) and Northwest Dance Theater ($159k).

Compensation of current officers, directors and key employees was $36k (26% of expenses). At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m.