Rhodes Trust

Analysis

Rhodes Trust is a registered charity in United States, based in United Kingdom. It received its IRS tax-exemption ruling in January 1961, 65 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending June 2023, Rhodes Trust reported income of $50.8m and spending of $61.4m, spending 121% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $42.7m to $50.8m (+19%), an average of +6.0% a year. The sharpest change came in the year to June 2020, when income rose by 251%. Over the whole period it spent 62% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Rhodes Trust sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile. Charities of a similar size with the same main cause include Cgiar ($50.6m), Results for Development Institute Inc ($50.9m) and Meridian International Center ($50.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $2.1m (3.5% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $703.1m against liabilities of $72.3m, net assets of $630.7m. It reported 11 employees.