Foundation for Rational Economics and Education Inc

Analysis

Foundation for Rational Economics and Education Inc is a registered charity in United States, based in Lake Jackson, TX. It received its IRS tax-exemption ruling in January 1980, 46 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for Rational Economics and Education Inc reported income of $769k and spending of $847k, spending 110% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $873k to $769k (-12%), an average of -2.5% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for Rational Economics and Education Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Five Points Music Foundation ($769k), Decorative Arts Center of Ohio ($769k) and Bay Area Music Project ($769k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $146k (17% of expenses). At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 5 employees.