Education (B820) IRS Verified DX Registered 990 on File

RHINELANDER AREA SCHOLARSHIP FOUNDATION INC

EIN: 39-1716463 · MENASHA, WI 54952-2962 · United States · FY 2023 Data

3 out of 5 53 / 100 Based on 2+ years of filings

Financial strength (30%) 76/100

Reliability (20%) 55/100

Effectiveness (25%) 78/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

The Rhinelander Area Scholarship Foundation (RASF) has been helping students achieve their post-secondary educational goals for over 30 years. RASF’s mission is to raise money for and contribute scholarships to Rhinelander students, many of whom may not receive scholarship support from other sources. The Rhinelander Area Scholarship Foundation is a 501c3 charitable, non-profit organization that was established in 1991 with a volunteer governing board. RASF works closely with the school district to arrange scholarships and manage the local scholarship application process. The board also collaborates with RHS staff and administration to arrange the annual scholarship awards ceremony each May.

Financial Overview — FY 2023

$389K

Total Revenue

$201K

Total Expenses

$2.1M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 99.2%

Fundraising Efficiency 0.0%

Operating Reserve 127.69x

Liability-to-Asset 3.4%

Revenue Diversification 102.2%

Compared with Peers

FY 2023

Compared with 21,276 similar organizations (United States, Education, $100K–$1M in expenses), FY 2023.

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	99.2%	88.7%	P10P90	Top quarter
Admin expense ratio Management and general / total expenses · lower is better	0.8%	8.8%	P10P90	Top quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	0.0%	P10P90	Top quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	0.0%	1.9%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	127.7 mo	9.7 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	3.4%	0.5%	P10P90	Below median
Revenue concentration Share of revenue from the largest source · lower is better	102.2%	90.2%	P10P90	Bottom quarter
Revenue growth Year over year revenue growth	158.9%	8.6%	P10P90
Expense growth Year over year expense growth	17.8%	13.1%	P10P90
Surplus margin Surplus as a share of revenue	48.3%	2.3%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %
2023	$389K	$201K	$2.1M	99.2%
2022	$150K	$171K	$1.7M	95.8%
2021	$543K	$164K	N/A	—

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Organization Details

EIN: 39-1716463
State: WI
City: MENASHA
ZIP: 54952-2962
Classification: B820
Category: Education
Rating: 3★
Coverage: A
Last Updated: Aug 2026
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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