Riaan Research Initiative Inc

Analysis

Riaan Research Initiative Inc is a registered charity in United States, based in Oakland GDNS, NY. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 May 2023, Riaan Research Initiative Inc reported income of $788k and spending of $219k, leaving 72% of income unspent that year. Across the 2 years on record, from May 2022 to May 2023, income fell from $1.5m to $788k (-48%), an average of -48% a year. The sharpest change came in the year to May 2023, when income dropped by 48%. Over the whole period it spent 26% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Riaan Research Initiative Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Christus Pediatric Physician Group ($788k), New Life USA ($788k) and Villa Phoenix Inc ($788k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.7m against liabilities of $10k, net assets of $1.7m.