Rnd4impact Inc

Analysis

Rnd4impact Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover science and technology, 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, Rnd4impact Inc reported income of $289k and spending of $173k, leaving 40% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $9,331 to $289k (+2995%), an average of +214% a year. The sharpest change came in the year to December 2021, when income rose by 853%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rnd4impact Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Control Group Productions ($289k), Foley Art Center ($289k) and Womens Committee of the Museum of Art Carnegie Institute ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $113k (65% of expenses). At year end it held assets of $226k against liabilities of $5,744, net assets of $220k. It reported 1 employees.