Rightway Foundation

Analysis

Rightway Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover employment, which this site groups under community and economic 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, Rightway Foundation reported income of $2.2m and spending of $1.8m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $662k to $2.2m (+229%), an average of +35% a year. The sharpest change came in the year to June 2021, when income rose by 131%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rightway Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Agassiz Baldwin Community a Cambridge Corporation ($2.2m), Civic Design Center ($2.2m) and South Bay Vocational Center Incorporated ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $102k (5.7% of expenses). Other salaries and wages came to $618k. It paid $52k in professional fundraising fees. At year end it held assets of $3.0m against liabilities of $950k, net assets of $2.0m. It reported 15 employees.