Rhyu Foundation

Analysis

Rhyu Foundation is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rhyu Foundation reported income of $583k and spending of $86k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $196k to $583k (+197%), an average of +197% a year. The sharpest change came in the year to December 2023, when income rose by 197%. Over the whole period it spent 11% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rhyu 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 72nd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Carpenter Art Garden ($583k), Boilmakers Local 85 Joint Training and Educational Trust Fund ($583k) and Jacket Backer Booster Club ($583k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $699k against liabilities of $0, net assets of $699k.