Rankin Isd Education Foundation

Analysis

Rankin Isd Education Foundation is a registered charity in United States, based in Rankin, TX. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Rankin Isd Education Foundation reported income of $3.1m and spending of $110k, leaving 96% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $15.1m to $3.1m (-79%), an average of -79% a year. The sharpest change came in the year to December 2022, when income dropped by 79%. Over the whole period it spent 0.7% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rankin Isd Education Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Florida High School for Accelerated Learning-North Lee Campus Inc ($3.1m), Mutual Fund Directors Forum ($3.1m) and Project Ready ($3.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 129% of the total. At year end it held assets of $18.0m against liabilities of $0, net assets of $18.0m.