Charity Search / RM2 FOUNDATION
Philanthropy & Grantmaking (T21J) 990 on File

RM2 FOUNDATION

EIN: 05-0494286 · N KINGSTOWN, RI 02852-8420 · United States · FY 2024 Data
3 out of 5 48 / 100 Based on 2+ years of filings
Financial strength (30%) 88/100
Reliability (20%) 55/100
Effectiveness (25%) 41/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$235K
Total Revenue
$248K
Total Expenses
$1.2M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 68.5%
Fundraising Efficiency N/A
Operating Reserve 58.67x
Liability-to-Asset 0.0%
Revenue Diversification 48.5%
Executive Compensation $0
Compared with Peers
FY 2024
Compared with 16,669 similar organizations (United States, Philanthropy & Grantmaking, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
68.5% 90.2%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
58.7 mo 95.2 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 0.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
48.5% 90.5%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
25.8% 18.5%
P10P90
Expense growth
Year over year expense growth
-29.4% 6.7%
P10P90
Surplus margin
Surplus as a share of revenue
-5.4% 1.2%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $235K $248K $1.2M 68.5% —
2023 $187K $351K $1.2M 77.7% —
2022 $188K $136K $1.4M 45.5% —
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Organization Details
EIN
05-0494286
State
RI
City
N KINGSTOWN
ZIP
02852-8420
Classification
T21J
Category
Philanthropy & Grantmaking
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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