Ruth Cheatham Foundation College Fund

Analysis

Ruth Cheatham Foundation College Fund is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 2018, 8 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, Ruth Cheatham Foundation College Fund reported income of $945k and spending of $820k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $197k to $945k (+380%), an average of +48% a year. The sharpest change came in the year to December 2021, when income rose by 465%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ruth Cheatham Foundation College Fund sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include United Way of Kentucky ($944k), Well-Spring Foundation ($945k) and St Petersburg Foundation Inc ($944k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $90k (11% of expenses). Other salaries and wages came to $143k. At year end it held assets of $1.1m against liabilities of $10k, net assets of $1.0m. It reported 2 employees.