Rite-hite Foundation Inc
Nonprofit profile at a glance
- EIN
- 391522057
- IRS 990-PF coverage
- 2010–2024
- Forms available
- Form 990-PF 2024
- Location
- Milwaukee, WI, USA
- Phone
- 4143552600
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Standard
Reported finances
- Revenue
- $418,680
- Expenses
- $696,626
Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.
Overview
Mission
Rite-hite Foundation Inc is a nonprofit. Location: Milwaukee, WI. EIN 391522057. Tax year 2024 Form 990-PF reports $419K revenue and $697K expenses.
What it reported funding in 2024
The foundation reported 40 grants totaling $589,100. The stated grant purpose was the rite-hite foundation makes contributions for the general charitable activities of the recipients listed. the foundation has not designated these contributions for specific purposes..
Operating model
- Revenue model
- Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
- Distribution model
- Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.
- Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.
The verdict
STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. Some filed totals do not add up.
Rating breakdown
- Grant Deployment: 68
- Cost Efficiency: 85
- Transparency: 100
- Compliance: 89
- Endowment Health: 71
Detailed rating inputs
Grant Deployment
- Grant deployment ratio: 67.6%; rating input score 68; 10th percentile among comparable filings
Cost Efficiency
- Grant expense ratio: 84.6%; rating input score 85; 54th percentile among comparable filings
Transparency
- Grant recipient disclosure: Yes; rating input score 100
Compliance
- Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
- Property sale or exchange with a disqualified person: Pass
- Borrowing from or lending to a disqualified person: Pass
- Goods, services, or facilities involving a disqualified person: Pass
- Compensation paid to a disqualified person: Pass
- Assets transferred to a disqualified person: Pass
- Payment to a government official: Pass
- Uncorrected prior self-dealing: Pass
- Prior-year undistributed income: Pass
- Excess business holdings: Pass
- Investments that may jeopardize charitable purposes: Pass
- Uncorrected prior-year jeopardizing investments: Pass
- Attempt to influence legislation: Pass
- Attempt to influence an election: Pass
- Grants to individuals: Pass
- Grants to organizations: Pass
- Spending for a noncharitable purpose: Pass
- Funds received for a personal-benefit contract: Pass
- Premiums paid on a personal-benefit contract: Pass
- Prohibited tax-shelter transaction: Pass
- Filing consistency checks: 7; rating input score 78
Endowment Health
- Endowment-health comparison: 22.75; rating input score 71; 71st percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Grants: 100% of grant recipient detail disclosed
- Payout: 67.6% grant deployment rate
- Trustees: Filed trustees detail
- Self-dealing: 100% of reviewed questions answered “No”
- Investments: 71th percentile for endowment coverage
- Consistency: 7 of 9 current checks pass · 2 findings to review
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 40 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Assets equal liabilities and net assets did not reconcile in the filed values.
- Moderate — Transparency & Controls: Balance sheet eoy total did not reconcile in the filed values.