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Filing year 2024

The Mitchell P Rales Family Foundation

Potomac, Maryland·EIN 54-1739159·NTEE T20J · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$2.5M
Total assets
$730k
Total expenses
$1.8M
Reported officers
5

Reported officers (all unpaid)

No paid executives reported in 2024. The Mitchell P Rales Family Foundation reported 5 unpaid officers and board members on its 990-PF.

President
Secretary/treasurer
Chairman/director
Vice President
Vice President

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$1.8M

Itemized grants

23

Median grant

$5k

RecipientLocationPurposeAmount
MOUNT DESERT 365N E HARBOR, MEGENERAL SUPPORT$1.2M
NORWOOD SCHOOLBETHESDA, MDEDUCATIONAL SUPPORT$329k
THE WASHINGTON COMMANDERS CHARITABLE FOUNDATIONASHBURN, VAGENERAL SUPPORT$125k
CONGREGATION BETH EL MONTGOMERY COUNTY MDBETHESDA, MDGENERAL SUPPORT$56k
GREAT AND SMALLBOYDS, MDGENERAL SUPPORT$10k
MARET SCHOOL INCWASHINGTON, DCEDUCATIONAL SUPPORT$10k
MT DESERT ISLAND HOSPITALBAR HARBOR, MEGENERAL SUPPORT$10k
MT DESERT NURSING ASSOCIATIONN E HARBOR, MEGENERAL SUPPORT$10k
WILLOWIND THERAPEUTIC RIDING CENTER INCBAR HARBOR, MEGENERAL SUPPORT$10k
MAGEN DAVID SEPHARDIC CONGREGATION OF GREATER WASHINGTONNORTH BETHESDA, MDGENERAL SUPPORT$5k
MAINE COAST HERITAGE TRUSTTOPSHAM, MEGENERAL SUPPORT$5k
MOUNT DESERT ISLAND HISTORICAL SOCIETYMT DESERT, MEGENERAL SUPPORT$5k
MT DESERT LAND & GARDEN PRESERVESEAL HARBOR, MEGENERAL SUPPORT$5k
NORTHEAST HARBOR LIBRARYNORTHEAST HARBOR, MEGENERAL SUPPORT$5k
MAINE SEACOAST MISSIONN E HARBOR, MEGENERAL SUPPORT$3k
SEAL HARBOR VILLAGE IMPROVEMENT SOCIETYSEAL HARBOR, MEGENERAL SUPPORT$3k
THE NEIGHBORHOOD HOUSENORTHEAST HARBOR, MEGENERAL SUPPORT$3k
BETA THETA PI FOUNDATIONOXFORD, OHEDUCATIONAL SUPPORT$2k
CHARLOTTE LATIN SCHOOLS INCCHARLOTTE, NCEDUCATIONAL SUPPORT$1k
ERIKA'S LIGHTHOUSEWINNETKA, ILGENERAL SUPPORT$1k
ISLESFORD BOATWORKSISLESFORD, MEGENERAL SUPPORT$1k
MT DESERT ISLAND BIOLOGICAL LABORATORYBAR HARBOR, MEGENERAL SUPPORT$1k
SPCA OF HANCOCK COUNTYTRENTON, MEGENERAL SUPPORT$1k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

The Mitchell P Rales Family Foundation reported revenue and expenses across 2 filing years.

RevenueExpenses
$648k
$547k
2023
$2.5M
$1.8M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Maryland

The Mitchell P Rales Family Foundation reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Maryland earns a median of $40,778.

25th percentile
$12k
Median
$40,778
75th percentile
$115k
90th percentile
$207k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 389 organizations across 389 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Maryland
FAQ

Common questions about The Mitchell P Rales Family Foundation

What are The Mitchell P Rales Family Foundation's revenue and expenses?

In 2024, The Mitchell P Rales Family Foundation reported $2.5M in total revenue and $1.8M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.