Rusting Man Foundation

Analysis

Rusting Man Foundation is a registered charity in United States, based in Dutch Harbor, AK. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Rusting Man Foundation reported income of $332k and spending of $285k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $168k to $332k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rusting Man Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 59th percentile within AK. Charities of a similar size with the same main cause include Mitte Cultural District ($332k), Newaygo County Council for the Arts Incorporated ($332k) and Junction Dance Co ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $176k against liabilities of -$1,170, net assets of $177k.