Rain Drop Foundation Inc

Analysis

Rain Drop Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Rain Drop Foundation Inc reported income of $6.1m and spending of $3.9m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $6.1m (+215%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rain Drop Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Outreach Community Development Corporation Inc ($6.1m), Crestview Preparatory School ($6.1m) and Olive Grove Charter Schools Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $378k (9.7% of expenses). Other salaries and wages came to $722k. At year end it held assets of $16.1m against liabilities of $6.1m, net assets of $10.0m. It reported 37 employees.