Richland Number 44 School Foundation

Analysis

Richland Number 44 School Foundation is a registered charity in United States, based in Colfax, ND. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Richland Number 44 School Foundation reported income of $534k and spending of $604k, spending 113% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $2.4m to $534k (-78%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 84%. Over the whole period it spent 16% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richland Number 44 School Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within ND. Charities of a similar size with the same main cause include Cary Band Boosters Club ($534k), Seo & Hwang Foundation Inc ($534k) and Montessori School of Ruston Inc ($534k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $5.7m against liabilities of $390k, net assets of $5.3m.