Robert a Reaumond Foundation

Analysis

Robert a Reaumond Foundation is a registered charity in United States, based in Chicago, IL. 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, Robert a Reaumond Foundation reported income of $408k and spending of $1.2m, spending 289% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $420k to $408k (-2.7%), an average of -0.9% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 138% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Robert a Reaumond Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include St Nicholas Foundation ($408k), North Star Community Foundation ($409k) and Rotary Club of Birmingham Foundation ($408k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $510k against liabilities of $973k, net assets of -$463k.