Rapides Foundation

Analysis

Rapides Foundation is a registered charity in United States, based in Alexandria, LA. It received its IRS tax-exemption ruling in January 1972, 54 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rapides Foundation reported income of $7.3m and spending of $20.1m, spending 275% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $16.7m to $7.3m (-56%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 76%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rapides Foundation 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 94th percentile, and in the 94th percentile within LA. Charities of a similar size with the same main cause include Ohios Hospice Foundation ($7.3m), New Jersey Prevention Network Inc ($7.3m) and Community Place ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 12% of the total. Compensation of current officers, directors and key employees was $850k (4.2% of expenses). Other salaries and wages came to $783k. At year end it held assets of $353.0m against liabilities of $22.4m, net assets of $330.6m. It reported 34 employees.