Risd Excellence in Education Foundation Inc

Analysis

Risd Excellence in Education Foundation Inc is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in August 1984, 42 years ago. 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 August 2024, Risd Excellence in Education Foundation Inc reported income of $475k and spending of $538k, spending 113% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income fell from $604k to $475k (-21%), an average of -4.7% a year. The sharpest change came in the year to August 2023, when income dropped by 24%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Risd Excellence in Education Foundation Inc 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 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Y W C a of Greater Johnstown ($475k), Mount Baker Community Club ($475k) and Somos Unidos Foundation ($475k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $31k. At year end it held assets of $548k against liabilities of $4,780, net assets of $543k.