Rapid Defense Network Inc

Analysis

Rapid Defense Network Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 2022, Rapid Defense Network Inc reported income of $75k and spending of $207k, spending 275% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $286k to $75k (-74%), an average of -36% a year. The sharpest change came in the year to December 2022, when income dropped by 79%. Over the whole period it spent 95% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Rapid Defense Network Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Fallen Blue Heroes ($75k), Georgia Narcotics Officers Association Inc ($75k) and Soroptimist International of the Americas Inc ($75k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (14% of expenses). At year end it held assets of $58k against liabilities of $10k, net assets of $48k. It reported 1 employees.