Research Development Foundation

Analysis

Research Development Foundation is a registered charity in United States, based in Carson City, NV. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Research Development Foundation reported income of $4.8m and spending of $16.8m, spending 350% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.7m to $4.8m (-65%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 64%. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Research Development Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within NV. Charities of a similar size with the same main cause include Newport Ambulance Service Inc ($4.8m), Listen Love Is Sharing the Exceptional Needs ($4.8m) and Child Management Associates Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 52% of the total. Compensation of current officers, directors and key employees was $676k (4.0% of expenses). At year end it held assets of $47.7m against liabilities of $19.8m, net assets of $27.9m. It reported 3 employees.