Rabbcorp Foundation

Analysis

Rabbcorp Foundation is a registered charity in United States, based in Naperville, IL. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Rabbcorp Foundation reported income of $63k and spending of $12k, leaving 81% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $2,853 to $63k (+2108%), an average of +2108% a year. The sharpest change came in the year to December 2023, when income rose by 2108%. Over the whole period it spent 20% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Rabbcorp Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within IL. Charities of a similar size with the same main cause include Sejong Korean School ($63k), Sostenica Inc ($63k) and Azadi Project Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.