Rice Street Business Association

Analysis

Rice Street Business Association is a registered charity in United States, based in Lihue, HI. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rice Street Business Association reported income of $217k and spending of $218k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $254k to $217k (-15%), an average of -15% a year. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rice Street Business Association sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within HI. Charities of a similar size with the same main cause include Betamore Inc ($217k), Atlas of West Central Minnesota ($217k) and Fundacion Sos Mujer Extraordinaria Corp ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $50k (23% of expenses). At year end it held assets of $49k against liabilities of $10k, net assets of $39k.