The Tony Rice Center Inc

Analysis

The Tony Rice Center Inc is a registered charity in United States, based in Shelbyville, TN. It received its IRS tax-exemption ruling in September 1991, 35 years ago. 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 June 2024, The Tony Rice Center Inc reported income of $1.2m and spending of $963k, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $844k to $1.2m (+37%), an average of +8.3% a year. The sharpest change came in the year to June 2024, when income rose by 21%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Tony Rice Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Big Brothers Big Sisters of East Central Wisconsin Inc ($1.2m), Maryland Association Non-Public Special Education Facilities Inc ($1.2m) and Lighthouse of Southwest Florida Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $76k (7.9% of expenses). Other salaries and wages came to $428k. At year end it held assets of $1.8m against liabilities of $45k, net assets of $1.8m. It reported 24 employees.