Rural Retreat Depot Foundation Inc

Analysis

Rural Retreat Depot Foundation Inc is a registered charity in United States, based in Rural Retreat, VA. It received its IRS tax-exemption ruling in February 2023, 3 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rural Retreat Depot Foundation Inc reported income of $227k and spending of $61k, leaving 73% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $141k to $227k (+61%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 333%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rural Retreat Depot Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Miami Center for Architecture & Design Inc ($227k), Cheyenne Frontier Days Foundation Inc ($227k) and Furnace Town Foundation Incorporated ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.4% of the total. At year end it held assets of $615k against liabilities of $0, net assets of $615k.