Rural Development Fund

Analysis

Rural Development Fund is a registered charity in United States, based in Cheyenne, WY. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Rural Development Fund reported income of $1.9m and spending of $219k, leaving 88% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $49k to $1.9m (+3757%), an average of +521% a year. The sharpest change came in the year to December 2023, when income rose by 1090%. Over the whole period it spent 18% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rural Development Fund sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 90th percentile within WY. Charities of a similar size with the same main cause include Plumbers & Pipefitters Local No 9 Education Fund ($1.9m), The Alliance for Pioneer Square ($1.9m) and Schoharie Community Action Program Corp ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. At year end it held assets of $4.5m against liabilities of $351k, net assets of $4.2m.