Rural Development Institute

Analysis

Rural Development Institute is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, 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, Rural Development Institute reported income of $10.4m and spending of $15.1m, spending 145% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.6m to $10.4m (-18%), an average of -4.7% a year. The sharpest change came in the year to June 2022, when income rose by 312%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rural Development Institute sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include University City District ($10.3m), Neighborhood Impact Investment Fund Inc ($10.4m) and Managed Health Resources Inc ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $1.1m (7.3% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $32.4m against liabilities of $1.6m, net assets of $30.8m. It reported 55 employees.