Raymond C Rude Supporting Foundation

Analysis

Raymond C Rude Supporting Foundation is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in July 2011, 15 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Raymond C Rude Supporting Foundation reported income of $486k and spending of $377k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $457k to $486k (+6.4%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Raymond C Rude Supporting Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within NV. Charities of a similar size with the same main cause include Matt 25 Inc ($485k), Nathan Yip Foundation ($486k) and Rutter Foundation Inc ($485k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $10.9m against liabilities of $14k, net assets of $10.8m.