Rhett Sullivan Foundation

Analysis

Rhett Sullivan Foundation is a registered charity in United States, based in Flower Mound, TX. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rhett Sullivan Foundation reported income of $189k and spending of $142k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $229k to $189k (-18%), an average of -9.3% a year. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rhett Sullivan Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Conflict Resolution Services Inc ($188k), Institute for Global Outreach Inc ($189k) and Trellis Apartments Inc ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $404k against liabilities of $0, net assets of $404k.