R & D Impact Foundation is a 501(c)(3) organization based in Newport, Rhode Island, registered in 2022, with $59,907 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$60K
▼ 98.9% vs prior year
Community median: $184K
Expenses (FY2024)
$948K
Net assets
$3.0M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for R & D Impact Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For R & D Impact Foundation: 38 mo reserves · -1483% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for R & D Impact Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For R & D Impact Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $780K (FY2021) to $60K (FY2024) across 3 reported years.
Financial snapshot
Operating margin
-1482.7%
Spent more than it raised in the latest fiscal year.
Total assets
$3.0M
Total liabilities
$5,774
Net assets
$3.0M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $59,907▼98.9% | $948,151▼41.1% | $2,974,130▼23.5% | $2,979,904▼23.6% | 990PF |
| 2023 | $5,410,216▲594% | $1,608,914▲110% | $3,886,619▲27514% | $3,902,155▲27624% | 990PF |
| 2021 | $780,000 | $765,925 | $14,075 | $14,075 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
1 grant to R & D Impact Foundation totaling $5,390, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2023 | $5,390 |
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Data for R & D Impact Foundation (EIN 86-3694650) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.