Association of American Rhodes Scholars

Analysis

Association of American Rhodes Scholars is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Association of American Rhodes Scholars reported income of $371k and spending of $409k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $285k to $371k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2020, when income rose by 63%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Association of American Rhodes Scholars sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Judy Garland Childrens Museum Inc ($371k), Hiddenite Center Inc ($371k) and Side Street Projects ($371k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 14% of the total. Other salaries and wages came to $53k. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.