Rukwa Foundation

Analysis

Rukwa Foundation is a registered charity in United States, based in Suffield, CT. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Rukwa Foundation reported income of $228k and spending of $311k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $337k to $228k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rukwa Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within CT. Charities of a similar size with the same main cause include Boca Rio Foundation Inc ($228k), Southern York County School District Foundation ($228k) and Iowa State Fairgrounds TR ($227k).

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 $204k against liabilities of $0, net assets of $204k.