Rite-hite Corporation Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Rite-hite Corporation Foundation Inc is a 501(c)(3) organization based in Milwaukee, Wisconsin, registered in 1985, with $418,680 in FY2024 revenue. CharityIndex grades it F.
195 S Rite Hite Way, Milwaukee, WI, 53204 EIN 39-1522057 Since 1985
Revenue (FY2024)
$419K
▼ 93.4% vs prior year
Expenses (FY2024)
$697K
Net assets
$10.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—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 Rite-hite Corporation Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating174 mo reserves · -66% 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 Rite-hite Corporation Foundation Inc: 174 mo reserves · -66% margin earns a F 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 Rite-hite Corporation Foundation Inc— 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 Rite-hite Corporation Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $130K (FY2013) to $419K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $10.1M
Operating margin
-66.4%
Spent more than it raised in the latest fiscal year.
Total assets
$13.4M
Total liabilities
$0
Net assets
$10.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $418,680▼93.4% | $696,626▼33.5% | $10,082,889▼61.9% | $13,404,253▼49.3% | 990PF |
| 2023 | $6,371,214▲412% | $1,047,685▲49.3% | $26,452,373▲25.2% | $26,452,373▲25.2% | 990PF |
| 2022 | $1,244,172▲42.7% | $701,541▼8.2% | $21,128,844▲2.6% | $21,128,844▲2.6% | 990PF |
| 2021 | $872,114▲0.9% | $763,876▲85.7% | $20,586,213▲0.5% | $20,586,213▲0.5% | 990PF |
| 2020 | $864,315▼95.8% | $411,240▼7.0% | $20,477,975▲2.3% | $20,477,975▲2.3% | 990PF |
| 2019 | $20,439,527▲1965% | $442,074▼56.5% | $20,024,900▲72858% | $20,024,900▲72858% | 990PF |
| 2018 | $990,000▼41.8% | $1,016,160▼39.3% | $27,447▼48.8% | $27,447▼48.8% | 990PF |
| 2017 | $1,700,000▲61.9% | $1,674,157▲58.9% | $53,607▲93.1% | $53,607▲93.1% | 990PF |
| 2016 | $1,050,000▲38.2% | $1,053,375▲36.3% | $27,764▼10.8% | $27,764▼10.8% | 990PF |
| 2015 | $760,000▲8.6% | $773,010▲14.4% | $31,139▼29.5% | $31,139▼29.5% | 990PF |
| 2014 | $700,000▲438% | $675,510▲334% | $44,149▲125% | $44,149▲125% | 990PF |
| 2013 | $130,000 | $155,510▲94.4% | $19,659▼56.5% | $19,659▼56.5% | 990PF |
| 2012 | — | $80,010▼92.4% | $45,169▲79.4% | $45,169▲79.4% | 990PF |
| 2011 | — | $1,059,610▲354% | $25,179▲70.3% | $25,179▲70.3% | 990PF |
| 2010 | — | $233,560 | $14,789 | $14,789 | 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.
Frequently asked questions
- Is Rite-hite Corporation Foundation Inc a legitimate nonprofit?
- Yes. Rite-hite Corporation Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 39-1522057, based in Milwaukee, Wisconsin. Donations are tax-deductible.
- What is Rite-hite Corporation Foundation Inc's EIN?
- Rite-hite Corporation Foundation Inc's Employer Identification Number (EIN) is 39-1522057.
- How much revenue does Rite-hite Corporation Foundation Inc report?
- Rite-hite Corporation Foundation Inc reported $418,680 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Rite-hite Corporation Foundation Inc have?
- CharityIndex grades Rite-hite Corporation Foundation Inc F, based on financial health (reserves and operating margin).
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Data for Rite-hite Corporation Foundation Inc (EIN 39-1522057) 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.