Rd26 Foundation Inc

Analysis

Rd26 Foundation Inc is a registered charity in United States, based in Newburyport, MA. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Rd26 Foundation Inc reported income of $166k and spending of $37k, leaving 78% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $73k to $166k (+128%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 179%. Over the whole period it spent 29% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rd26 Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Believe It Achieve It ($166k), Inver Grove Heights B E S T Foundation ($166k) and Van Nuys High School Magnet Parents Association ($166k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $249k against liabilities of $0, net assets of $249k.