Rhizome Action Network Inc

Analysis

Rhizome Action Network Inc is a registered charity in United States, based in Lewes, DE. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 June 2023, Rhizome Action Network Inc reported income of $174k and spending of $108k, leaving 38% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $26k to $174k (+563%), an average of +564% a year. The sharpest change came in the year to June 2023, when income rose by 563%. Over the whole period it spent 55% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Rhizome Action Network Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 45th percentile within DE. Charities of a similar size with the same main cause include Youth Leadership Institute of Erie ($174k), Lake Bluff Youth Baseball Association ($174k) and Warren County Agricultural Fair ($174k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.