Rapid 5 Project is a 501(c)(3) organization based in Columbus, Ohio, registered in 2022, with $252,620 in FY2023 revenue. CharityIndex grades it D.
Revenue (FY2023)
$253K
▼ 79.2% vs prior year
Recreation median: $129K
Expenses (FY2023)
$342K
Net assets
$635K
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 Rapid 5 Project— 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 Rapid 5 Project: 22 mo reserves · -35% margin earns a D 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 Rapid 5 Project— 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 Rapid 5 Project: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $1.2M (FY2022) to $253K (FY2023) across 2 reported years.
Financial snapshot
Operating margin
-35.2%
Spent more than it raised in the latest fiscal year.
Total assets
$670K
Total liabilities
$35K
Net assets
$635K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $252,620▼79.2% | $341,653▼76.1% | $635,312▼8.6% | $670,379▼6.3% | 990 |
| 2022 | $1,213,505 | $1,427,671 | $694,974 | $715,593 | 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.
3 grants to Rapid 5 Project totaling $1.7M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Columbus Foundation | Neighborhood | 2024 | $375,097 |
| Columbus Foundation | Urban affairs | 2023 | $501,110 |
| Columbus Foundation | Urban affairs | 2022 | $780,000 |
Explore more
Data for Rapid 5 Project (EIN 87-4564973) 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.