Rural Development Initiatives Inc

Analysis

Rural Development Initiatives Inc is a registered charity in United States, based in Redmond, OR. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Development Initiatives Inc reported income of $1.6m and spending of $1.8m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $1.6m (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rural Development Initiatives Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within OR. Charities of a similar size with the same main cause include Handson Twin Cities ($1.6m), Nowlin Hall Inc ($1.6m) and Colony Retirement Homes IV Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $190k (11% of expenses). Other salaries and wages came to $751k. At year end it held assets of $1.5m against liabilities of $176k, net assets of $1.3m. It reported 18 employees.