Rice Family Charitable Foundation
Rice Family Charitable Foundation consistently grows assets with minimal liabilities and no officer compensation.
EIN: 205632137 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Rice Family Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rice Family Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rice Family Charitable Foundation
Rice Family Charitable Foundation (EIN: 205632137) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $563K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rice Family Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rice Family Charitable Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $232K |
| Total Expenses | $92K |
| Surplus / Deficit | +$140K |
| Total Assets | $1.4M |
| Total Liabilities | $1 |
| Net Assets | $1.4M |
| Operating Margin | 60.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 184.8 months |
Financial Health Grade: A
In 2023, Rice Family Charitable Foundation reported a surplus of $140K with revenue exceeding expenses, holds 184.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Rice Family Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.1% | +5.6% | +11.0% |
| 2022 | +3.1% | +16.2% | +4.8% |
| 2020 | -168.4% | +14.7% | -10.9% |
| 2019 | +20.5% | +50.8% | +10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rice Family Charitable Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Rice Family Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $140K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is 0% across all reported periods, indicating that no salaries are paid to officers, which is highly favorable for directing funds to charitable activities.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Rice Family Charitable Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
- Negative revenue reported in 2020 ($-58,657) without clear explanation
Strengths
The following positive indicators were identified for Rice Family Charitable Foundation:
- Consistent asset growth, from $524,390 in 2011 to $1,417,385 in 2023
- Extremely low liabilities (consistently $1) indicating strong financial health
- 0% officer compensation across all reported periods, maximizing funds for mission
- Positive net revenue in most years, demonstrating financial sustainability
- Long filing history (10 filings) indicating consistent compliance and operation
Frequently Asked Questions about Rice Family Charitable Foundation
Is Rice Family Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rice Family Charitable Foundation (EIN: 205632137) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Rice Family Charitable Foundation spend its money?
Rice Family Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rice Family Charitable Foundation tax-deductible?
Rice Family Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 205632137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What specific programs does the Rice Family Charitable Foundation support?
Based on the NTEE code T22 (Philanthropy, Voluntarism & Grantmaking Foundations), the foundation likely provides grants to other organizations, but the specific beneficiaries or program areas are not detailed in the provided financial summary.
How does the foundation manage its investment assets to generate revenue?
The financial data shows significant revenue fluctuations, including a negative revenue year in 2020 ($-58,657), which could indicate reliance on investment returns. Further analysis of investment income vs. contributions would be needed to fully understand their strategy.
What is the long-term strategy for asset growth given the consistent increases?
The foundation has consistently grown its assets from $524,390 in 2011 to $1,417,385 in 2023, suggesting a strategy focused on endowment building and long-term sustainability, but specific details are not available.
Filing History
IRS 990 filing history for Rice Family Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rice Family Charitable Foundation's revenue has grown by 336.7%, moving from $53K to $232K. Total assets increased by 170.3% over the same period, from $524K to $1.4M. Total functional expenses rose by 236.1%, from $27K to $92K. In its most recent filing year (2023), Rice Family Charitable Foundation reported a surplus of $140K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $232K | $92K | $1.4M | $1 | — | View 990 |
| 2022 | $146K | $87K | $1.3M | $1 | — | View 990 |
| 2021 | $141K | $75K | $1.2M | $1 | — | View 990 |
| 2020 | $-58,657 | $83K | $1.2M | $1 | — | — |
| 2019 | $86K | $72K | $1.3M | $1 | — | View 990 |
| 2015 | $71K | $48K | $1.2M | $1 | — | View 990 |
| 2014 | $56K | $60K | $1.1M | $1 | — | View 990 |
| 2013 | $309K | $47K | $1.1M | $1 | — | View 990 |
| 2012 | $402K | $40K | $887K | $1 | — | View 990 |
| 2011 | $53K | $27K | $524K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $232K, expenses of $92K, and assets of $1.4M (revenue +59.1% year-over-year).
- 2022: Revenue of $146K, expenses of $87K, and assets of $1.3M (revenue +3.1% year-over-year).
- 2021: Revenue of $141K, expenses of $75K, and assets of $1.2M.
- 2020: Revenue of $-58,657, expenses of $83K, and assets of $1.2M (revenue -168.4% year-over-year).
- 2019: Revenue of $86K, expenses of $72K, and assets of $1.3M (revenue +20.5% year-over-year).
- 2015: Revenue of $71K, expenses of $48K, and assets of $1.2M (revenue +27.8% year-over-year).
- 2014: Revenue of $56K, expenses of $60K, and assets of $1.1M (revenue -82.0% year-over-year).
- 2013: Revenue of $309K, expenses of $47K, and assets of $1.1M (revenue -23.1% year-over-year).
- 2012: Revenue of $402K, expenses of $40K, and assets of $887K (revenue +656.5% year-over-year).
- 2011: Revenue of $53K, expenses of $27K, and assets of $524K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rice Family Charitable Foundation:
Data Sources and Methodology
This transparency report for Rice Family Charitable Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.