Ra-Ve Cultural Foundation Inc

Analysis

Ra-Ve Cultural Foundation Inc is a registered charity in United States, based in Bentonville, AR. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Ra-Ve Cultural Foundation Inc reported income of $195k and spending of $279k, spending 143% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $178k to $195k (+9.7%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ra-Ve Cultural Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within AR. Charities of a similar size with the same main cause include Zorongo Flamenco Inc ($195k), Rochester Finger Lakes Film & Video Office Inc ($195k) and Whippany Railway Museum ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $62k (22% of expenses). At year end it held assets of $66k against liabilities of $4,428, net assets of $62k. It reported 5 employees.