Rug & Home Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Rug & Home Foundation Inc is a 501(c)(3) organization based in Asheville, North Carolina, registered in 2007, with $35,000 in FY2024 revenue. CharityIndex grades it C+.
5 Rocky Ridge Rd Ste 20, Asheville, NC, 28806 EIN 20-5173857 Since 2007
Revenue (FY2024)
$35K
▲ 437400.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$12K
Net assets
$25K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Rug & Home 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 →
AFinancial health25% of the rating25 mo reserves · +67% 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 Rug & Home Foundation Inc: 25 mo reserves · +67% margin earns a A 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 Rug & Home 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 Rug & Home Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 5 Rocky Ridge Rd Ste 20, Asheville, NC, 28806
- City
- Asheville
- State
- North Carolina
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $42K (FY2013) to $35K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $25K
Operating margin
66.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$25K
Total liabilities
$0
Net assets
$25K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $35,000▲437400% | $11,661▼26.2% | $24,671▲1752% | $24,671▲1752% | 990PF |
| 2023 | $8▼99.9% | $15,811▼48.0% | $1,332▼92.2% | $1,332▼92.2% | 990PF |
| 2022 | $10,015▼80.1% | $30,411▼49.5% | $17,142▼55.5% | $17,142▼55.5% | 990PF |
| 2021 | $50,364▲0.7% | $60,268▲60.0% | $38,561▼20.4% | $38,561▼20.4% | 990PF |
| 2020 | $50,009▲101959% | $37,663▲0.4% | $48,465▲34.2% | $48,465▲34.2% | 990PF |
| 2019 | $49▼99.8% | $37,506▲110% | $36,119▼50.9% | $36,119▼50.9% | 990PF |
| 2018 | $20,040▼65.8% | $17,900▼74.2% | $73,576▲3.0% | $73,576▲3.0% | 990PF |
| 2017 | $58,521▲17.0% | $69,337▲106% | $71,436▼13.1% | $71,436▼13.1% | 990PF |
| 2016 | $50,027▲2349% | $33,700▲49.8% | $82,252▲24.8% | $82,252▲24.8% | 990PF |
| 2015 | $2,043▼93.6% | $22,500▼49.0% | $65,925▼23.7% | $65,925▼23.7% | 990PF |
| 2014 | $31,995▼23.9% | $44,100▲60.7% | $86,382▼12.3% | $86,382▼12.3% | 990PF |
| 2013 | $42,041 | $27,450 | $98,487 | $98,487 | 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.
Similar organizations in Philanthropy
Compare Rug & Home Foundation Inc
Frequently asked questions
- Is Rug & Home Foundation Inc a legitimate nonprofit?
- Yes. Rug & Home Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-5173857, based in Asheville, North Carolina. Donations are tax-deductible.
- What is Rug & Home Foundation Inc's EIN?
- Rug & Home Foundation Inc's Employer Identification Number (EIN) is 20-5173857.
- How much revenue does Rug & Home Foundation Inc report?
- Rug & Home Foundation Inc reported $35,000 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Rug & Home Foundation Inc have?
- CharityIndex grades Rug & Home Foundation Inc C+, based on financial health (reserves and operating margin).
More nonprofits in Asheville
Explore more
Data for Rug & Home Foundation Inc (EIN 20-5173857) 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.