Rice Bowl Inc

Analysis

Rice Bowl Inc is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in October 1987, 39 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, Rice Bowl Inc reported income of $1.1m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.1m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 89% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Rice Bowl Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within SC. Charities of a similar size with the same main cause include Hope Unlimited for Children Inc ($1.1m), American Academy of Diplomacy ($1.1m) and Key of Hope ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $88k (8.1% of expenses). Other salaries and wages came to $53k. At year end it held assets of $1.1m against liabilities of $2,170, net assets of $1.1m. It reported 3 employees.