Son Rhea Foundation

Analysis

Son Rhea Foundation is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Son Rhea Foundation reported income of $89k and spending of $82k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $22k to $89k (+313%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 364%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Son Rhea Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within KY. Charities of a similar size with the same main cause include Womans Club of Concord New Hampshire ($89k), Bridging Voices ($89k) and The Seldoms NFP ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.