James Rushton I Foundation

Analysis

James Rushton I Foundation is a registered charity in United States, based in Mountain BRK, AL. It received its IRS tax-exemption ruling in August 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, James Rushton I Foundation reported income of $3.0m and spending of $2.6m, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $3.5m to $3.0m (-16%), an average of -5.6% a year. The sharpest change came in the year to December 2021, when income rose by 132%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, James Rushton I Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within AL. Charities of a similar size with the same main cause include The Civa School Community Coalition ($3.0m), Renaissance Academy Inc ($3.0m) and The Metropolitan Community College Foundation ($3.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 39% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $95k (3.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $31.4m against liabilities of $9,826, net assets of $31.3m. It reported 41 employees.