Rice Foundation

Analysis

Rice Foundation is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 July 2023, Rice Foundation reported income of $659k and spending of $423k, leaving 36% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $634k to $659k (+4.0%), an average of +1.0% a year. The sharpest change came in the year to July 2023, when income rose by 69%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rice Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Changing Oasis Inc Audrey L Woodley ($659k), Young Womens Christian Association ($660k) and Kids Kupboard ($659k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9.8m against liabilities of $8.6m, net assets of $1.2m.