Rural Life Foundation Inc

Analysis

Rural Life Foundation Inc is a registered charity in United States, based in Savannah, TN. It received its IRS tax-exemption ruling in August 1959, 67 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rural Life Foundation Inc reported income of $6.0m and spending of $5.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $6.0m (+0.8%), an average of +0.2% a year. The sharpest change came in the year to June 2022, when income dropped by 21%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rural Life Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Jennie B Richmond Chaffee Nursing Home Co ($6.0m), Essex-Newark Legal Service Project ($6.0m) and Boys & Girls Club of Stamford Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $7.3m against liabilities of $900k, net assets of $6.4m. It reported 238 employees.