Rask Memorial Fund Founded in Memory of Michael Paul Rask 1959-

Analysis

Rask Memorial Fund Founded in Memory of Michael Paul Rask 1959- is a registered charity in United States, based in Clackamas, OR. It received its IRS tax-exemption ruling in July 1979, 47 years ago. 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, Rask Memorial Fund Founded in Memory of Michael Paul Rask 1959- reported income of $90k and spending of $73k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $126k to $90k (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rask Memorial Fund Founded in Memory of Michael Paul Rask 1959- sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within OR. Charities of a similar size with the same main cause include Shelbina Arts Council ($90k), PTA Florida Congress ($90k) and Little League Baseball Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.