Rinks Foundation

Analysis

Rinks Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Rinks Foundation reported income of $19.0m and spending of $22.4m, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $25.2m to $19.0m (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rinks Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include United States Ski Team Foundation ($19.0m), United States of America Wrestling Association ($19.6m) and Wyo Complex ($19.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $213k (0.9% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $32.9m against liabilities of $23.0m, net assets of $9.9m. It reported 403 employees.