The@margaret Sue Rust Foundation
Only null% goes to programs Strong reserves
The@margaret Sue Rust Foundation is a 501(c)(3) organization based in Rockport, Texas, registered in 1997, with $204,834 in FY2024 revenue. CharityIndex grades it D.
2611 Highway 35 N, Rockport, TX, 78382 EIN 74-2832533 Since 1997
Revenue (FY2024)
$205K
▲ 0.3% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$523K
Net assets
$6.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 The@margaret Sue Rust Foundation— 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 rating153 mo reserves · -155% 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 The@margaret Sue Rust Foundation: 153 mo reserves · -155% 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 The@margaret Sue Rust Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 The@margaret Sue Rust Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2611 Highway 35 N, Rockport, TX, 78382
- City
- Rockport
- State
- Texas
- Subcategory
- Public Foundations
- Website
- …
Financial trends
Revenue grew from $97K (FY2014) to $205K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $6.7M
Operating margin
-155.3%
Spent more than it raised in the latest fiscal year.
Total assets
$6.7M
Total liabilities
$0
Net assets
$6.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $204,834▲0.3% | $523,006▲3.1% | $6,673,265 | $6,673,265 | 990PF |
| 2023 | $204,213▲13.7% | $507,484▲0.6% | $6,673,094▼0.6% | $6,673,094▼0.6% | 990PF |
| 2022 | $179,623▼12.9% | $504,633▼12.4% | $6,714,298▼1.6% | $6,714,298▼1.6% | 990PF |
| 2021 | $206,195▲49.8% | $576,142▲22.1% | $6,824,565▲7.9% | $6,824,565▲7.9% | 990PF |
| 2020 | $137,632▼20.4% | $471,934▲4.2% | $6,322,547▲3.1% | $6,322,547▲3.1% | 990PF |
| 2019 | $172,982▲24.6% | $452,728▼4.1% | $6,134,170▼2.0% | $6,134,170▼2.0% | 990PF |
| 2018 | $138,872▼0.9% | $472,322▼10.0% | $6,257,415▼1.0% | $6,257,415▼1.0% | 990PF |
| 2017 | $140,159▼15.8% | $524,879▲66.4% | $6,320,273▲3.6% | $6,320,273▲3.6% | 990PF |
| 2016 | $166,447▲66.7% | $315,433▼17.7% | $6,100,261▲2.4% | $6,100,261▲2.4% | 990PF |
| 2015 | $99,838▲3.3% | $383,423▼19.7% | $5,954,661▲2.2% | $5,954,661▲2.2% | 990PF |
| 2014 | $96,626 | $477,261 | $5,827,533 | $5,827,533 | 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.
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Frequently asked questions
- Is The@margaret Sue Rust Foundation a legitimate nonprofit?
- Yes. The@margaret Sue Rust Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 74-2832533, based in Rockport, Texas. Donations are tax-deductible.
- What is The@margaret Sue Rust Foundation's EIN?
- The@margaret Sue Rust Foundation's Employer Identification Number (EIN) is 74-2832533.
- How much revenue does The@margaret Sue Rust Foundation report?
- The@margaret Sue Rust Foundation reported $204,834 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does The@margaret Sue Rust Foundation have?
- CharityIndex grades The@margaret Sue Rust Foundation D, based on financial health (reserves and operating margin).
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Data for The@margaret Sue Rust Foundation (EIN 74-2832533) 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.