Rush Enterprises Foundation

Analysis

Rush Enterprises Foundation is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in June 2017, 9 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 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, Rush Enterprises Foundation reported income of $296k and spending of $170k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $119k to $296k (+149%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rush Enterprises Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Matbia Inc ($296k), TR Uw Oscar Cohrs 13116600 ($296k) and North Carolina State Elks Association Charitable TR ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $327k against liabilities of $0, net assets of $327k.