Rule of Law Foundation III Inc

Analysis

Rule of Law Foundation III Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Rule of Law Foundation III Inc reported income of $2.6m and spending of $3.7m, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $2.6m (-38%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 115%. Over the whole period it spent 84% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Rule of Law Foundation III Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Egypt Cancer Network 57357 and Afnci Inc ($2.6m), University of Guam Endowment Foundation Inc ($2.6m) and Go Ministries Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $162k. At year end it held assets of $4.5m against liabilities of $25k, net assets of $4.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.