RPM Nautical Foundation

Analysis

RPM Nautical Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 September 2023, RPM Nautical Foundation reported income of $1.8m and spending of $2.1m, spending 116% of what it took in. Across the 4 years on record, from September 2019 to September 2023, income grew from $816k to $1.8m (+126%), an average of +31% a year. The sharpest change came in the year to September 2023, when income rose by 140%. Over the whole period it spent 133% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, RPM Nautical Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 65th percentile within DC. Charities of a similar size with the same main cause include Tomaquag Indian Memorial Museum the ($1.8m), Blank Forms Inc ($1.8m) and Kansas Childrens Discovery Center Inc ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 64% of the total. Other salaries and wages came to $309k. At year end it held assets of $6.6m against liabilities of $326k, net assets of $6.3m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.