R Michael Rhoades Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
R Michael Rhoades Foundation is a 501(c)(3) organization based in Wichita, Kansas, registered in 1992, with $265,817 in FY2024 revenue. CharityIndex grades it C+.
10500 E Berkeley Square Pkwy St 205, Wichita, KS, 67206 EIN 48-1122054 Since 1992
Revenue (FY2024)
$266K
▲ 66.8% vs prior year
Expenses (FY2024)
$94K
Net assets
$3.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Michael Rhoades Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating397 mo reserves · +65% margin
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 Michael Rhoades Foundation: 397 mo reserves · +65% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Michael Rhoades Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
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 Michael Rhoades Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $396K (FY2018) to $266K (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $3.1M
Operating margin
64.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.1M
Total liabilities
$0
Net assets
$3.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $265,817▲66.8% | $93,735▼33.1% | $3,102,726▲5.9% | $3,102,726▲5.9% | 990 |
| 2023 | $159,384▲4.0% | $140,108▼3.3% | $2,930,644▲0.7% | $2,930,644▲0.7% | 990 |
| 2022 | $153,279▼41.5% | $144,827▲103% | $2,911,368▲0.3% | $2,911,368▲0.3% | 990 |
| 2021 | $262,130▲154% | $71,214▼63.7% | $2,902,916▲7.0% | $2,902,916▲7.0% | 990 |
| 2020 | $103,149▼34.3% | $196,321▼23.0% | $2,712,000▼3.3% | $2,712,000▼3.3% | 990 |
| 2019 | $156,910▼60.4% | $255,053▼1.2% | $2,805,172▼3.4% | $2,805,172▼3.4% | 990 |
| 2018 | $396,166 | $258,147 | $2,903,315 | $2,903,315 | 990 |
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.
Frequently asked questions
- Is R Michael Rhoades Foundation a legitimate nonprofit?
- Yes. R Michael Rhoades Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 48-1122054, based in Wichita, Kansas. Donations are tax-deductible.
- What is R Michael Rhoades Foundation's EIN?
- R Michael Rhoades Foundation's Employer Identification Number (EIN) is 48-1122054.
- How much revenue does R Michael Rhoades Foundation report?
- R Michael Rhoades Foundation reported $265,817 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does R Michael Rhoades Foundation have?
- CharityIndex grades R Michael Rhoades Foundation C+, based on financial health (reserves and operating margin).
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Data for R Michael Rhoades Foundation (EIN 48-1122054) 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.