Rio Verde Community Foundation Inc

Analysis

Rio Verde Community Foundation Inc is a registered charity in United States, based in Rio Verde, AZ. It received its IRS tax-exemption ruling in May 2019, 7 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, Rio Verde Community Foundation Inc reported income of $1.4m and spending of $1.4m, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $235k to $1.4m (+491%), an average of +491% a year. The sharpest change came in the year to December 2023, when income rose by 491%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rio Verde Community Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within AZ. Charities of a similar size with the same main cause include National Athletic Trainers Assn Research & Education Foundation ($1.4m), Precious Moments Foundation ($1.4m) and St Anns of Greater Rochester Inc ($1.4m).

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 $118k against liabilities of $0, net assets of $118k.