Rye Foundation Inc

Analysis

Rye Foundation Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rye Foundation Inc reported income of $63k and spending of $66k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $63k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Rye Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within NC. Charities of a similar size with the same main cause include Chico Pee Wee Association NFP ($63k), Latino Youth Development Collaborative-Lydc ($63k) and Handup Ministries ($63k).

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 $11k against liabilities of $3,624, net assets of $6,931.