Rio Grande Valley Philanthropic Foundation

Analysis

Rio Grande Valley Philanthropic Foundation is a registered charity in United States, based in Brownsville, TX. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Rio Grande Valley Philanthropic Foundation reported income of $343k and spending of $274k, leaving 20% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $268k to $343k (+28%), an average of +8.6% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rio Grande Valley Philanthropic Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Chun Family Foundation Inc ($343k), Badgers United Inc ($343k) and Blaze Credit Union Foundation ($343k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 61% of the total. Other salaries and wages came to $80k. At year end it held assets of $2.7m against liabilities of $954, net assets of $2.7m. It reported 1 employees.