Rural India Supporting Trust

Tax-deductible

Farmingtn Hls, MI501(c)(3)InternationalEIN 26-6163668Revenue $3.2M in FY2024

On file with the IRSristrust.org38955 Hills Tech Dr, 48331-3431 · Farmingtn Hls, MITax-exempt since Oct 2009Supporting organization — 509(a)(3)

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To improve quality of life for the citizens of India by providing grants that advance public health, economic opportunity, and education in India.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 13 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $294.6M a year · 1008% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $37K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$763K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.2M
-57% vs prior year
Spent
$23.6M
To programs
94%
Net assets
$330.4M
By yearFY2020–FY2024
Revenue
$3.2M
FY2024▼ -57%
Tap a bar for its year
Revenue by fiscal year
FY2020$55.6M
FY2021$66.4M
FY2022$13.6M
FY2023$7.4M
FY2024$3.2M
Expenses
$23.6M
FY2024▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4B
FY2021$157.6M
FY2022$32.8M
FY2023$20.1M
FY2024$23.6M
Net assets
$330.4M
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$467.2M
FY2021$382.6M
FY2022$363.5M
FY2023$350.8M
FY2024$330.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $22.2M Management & general 6% · $1.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Trustee
$0Pt VII · Sec A
Director, Treasurer
$0Pt VII · Sec A
Director, Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Rural India Supporting Trust executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Grants improve Indian citizens' lives through public health, economic opportunity, and education.

Questions for Rural India Supporting Trust

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Provided by the organization

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1 program · $22.2M · in their own filed words · FY2024
01

The rural india supporting trust ("rist") works to improve quality of life for the citizens of india by providing grants that advance public health, economic opportunity, and education in india.

$22.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$37K
Grants paid · 60 grants · $27.1M · 2020–2024
American India FoundationNY · FY2024$1,311,290
Citiesrise INCNY · FY2024$1,000,000
Wildlife Conservation SocietyNY · FY2024$985,985
Rocky Mountain InstituteCO · FY2024$725,720
Americares Foundation INCCT · FY2024$655,270
Resolve to Save Lives INCVA · FY2024$649,322
Arogya INCPA · FY2024$477,290
Wheels Global FoundationVA · FY2024$372,876
The Nature ConservancyVA · FY2024$276,547
American India FoundationNY · FY2023$1,168,309
Americares Foundation INCCT · FY2023$790,146
See all 60 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Investment incomeLn 3$3.2M
Other incomeLn 4–11$12K
Money outPt IX
$23.6M
Ln 25
Programscol B$22.2M
Managementcol C$1.4M
Owns and owesPt X
$330.4M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$331.2M
LiabilitiesLn 26$763K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$3.2M
Other incomeLn 4–11$12K
Gains on assetsLn 7−$4.9M
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
SavingsLn 2$2.2M
Cash and savings togetherLn 1–2$2.2M
InvestmentsLn 11–13$107.5M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$331.2M
LiabilitiesLn 26$763K
Net assetsLn 32$330.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.2M$2.2M
InvestmentsLn 11–13$109.5M$107.5M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$350.9M$331.2M
LiabilitiesLn 26$133K$763K
Net assetsLn 32$350.8M$330.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7.9M$7.9M
Grants and assistance to foreign recipientsLn 3$14.0M$14.0M
Benefits paid to or for membersLn 4$0$0
Management feesLn 11a$980K$980K
Legal feesLn 11b$89K$36K$54K
Accounting feesLn 11c$32K$32K
Investment management feesLn 11f$158K$158K
Other fees for servicesLn 11g$308K$308K$0$0
Office expensesLn 13$45K$45K
TravelLn 17$9K$9K
InsuranceLn 23$910$910
Other expenses (24a–d)Ln 24$83K$83K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$23.6M$22.2M$1.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.2M$23.6M−$20.4M$330.4M 990 PDF
FY2023 $7.4M$20.1M−$12.7M$350.8M 990 PDF
FY2022 $13.6M$32.8M−$19.2M$363.5M 990 PDF
FY2021 $66.4M$157.6M−$91.2M$382.6M 990 PDF
FY2020 $55.6M$1.4B−$1.3B$467.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $3,199,521 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $250$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $7,187,787$3,187,475
I-11 Other revenuePrior year $247,914$12,046
I-12 Total revenuePrior year $7,435,951$3,199,521
I-13 Grants and similar amounts paidPrior year $18,079,309$21,861,082
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,065,902$1,706,501
I-18 Total expensesPrior year $20,145,211$23,567,583
I-19 Revenue less expensesPrior year −$12,709,260−$20,368,062
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $3,199,521 across 5 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $8,050,264$8,050,264
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$4,862,789−$4,862,789
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,921 · Unrelated business $1,500 · Excluded from tax $3,625$12,046
VIII-12 Total revenueRelated to mission $6,921 · Unrelated business $1,500 · Excluded from tax $3,191,100$3,199,521
Part IX · Statement of functional expenses $23,567,583 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $7,856,877$7,856,877
IX-3 Grants and assistance to foreign recipientsPrograms $14,004,205$14,004,205
IX-4 Benefits paid to or for membersPrograms $0$0
IX-11a Management feesManagement $980,500$980,500
IX-11b Legal feesPrograms $35,777 · Management $53,666$89,443
IX-11c Accounting feesManagement $31,836$31,836
IX-11f Investment management feesManagement $158,180$158,180
IX-11g Other fees for servicesPrograms $307,786 · Management $0 · Fundraising $0$307,786
IX-13 Office expensesManagement $45,340$45,340
IX-17 TravelManagement $9,187$9,187
IX-23 InsuranceManagement $910$910
IX-24 Other expenses (24a–d)Management $83,319$83,319
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $22,204,645 · Management $1,362,938 · Fundraising $0$23,567,583
Part X · Balance sheet $331,156,634 assets, 13 lines filed
Asset lines not itemized here account for $221,156,467; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $3,177,766$2,152,872
X-4 Accounts receivableStart of year $52,940$52,940
X-9 Prepaid expenses and deferred chargesStart of year $250,000$250,000
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $36,704,530$32,538,197
X-12 Other securitiesStart of year $72,777,124$75,006,158
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $350,894,393$331,156,634
X-17 Accounts payable and accrued expensesStart of year $132,861$763,164
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $132,861$763,164
X-32 Total net assets or fund balancesStart of year $350,761,532$330,393,470
X-33 Total liabilities and net assetsStart of year $350,894,393$331,156,634
Part XI · Reconciliation of net assets $330,393,470 net assets at year end
XI-1 Total revenue$3,199,521
XI-2 Total expenses$23,567,583
XI-3 Revenue less expenses−$20,368,062
XI-4 Net assets at start of year$350,761,532
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$330,393,470

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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