Rimrock Foundation

Analysis

Rimrock Foundation is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in December 1981, 45 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rimrock Foundation reported income of $9.8m and spending of $15.5m, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.9m to $9.8m (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rimrock Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within MT. Charities of a similar size with the same main cause include National League for Nursing Inc ($9.8m), Hospice of Marshall County Inc ($9.8m) and Tac Industries Inc ($9.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 146% of the total. Compensation of current officers, directors and key employees was $535k (3.4% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $6.3m against liabilities of $2.7m, net assets of $3.6m. It reported 186 employees.