Rags for Riches Foundation
To raise monies for charities
Rags for Riches Foundation at a glance
In short: Rags for Riches Foundation gave $25K across 1 grant in 2025 (avg $25K), mostly in California. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $25,000
- +150.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $25,000
- +150.0% vs 2024
- Median grant
- $25,000
- Total assets
- $43,442
- -37.2% vs 2024
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Rags for Riches Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was The UCLA Jonsson Cancer Center Foundation ($25K).
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 21 grants of 21 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Rags for Riches Foundation gives
- Giving fell 84% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $10K (2021) to $198K (2019). In 2025 it made 1 grant totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The UCLA Jonsson Cancer Center Foundation Los Angele, CA | General Support | $25,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $43,442 | — | $25,696 | $25,000 | 1 | — |
| 2024 | $69,138 | — | $38,148 | $10,000 | 1 | — |
| 2023 | $107,286 | $69,543 | $136,799 | $94,000 | 6 | — |
| 2022 | $174,542 | $80,576 | $244,076 | $160,000 | 12 | $1 |
| 2021 | $338,042 | $233,008 | $39,537 | $10,000 | 1 | $1 |
| 2020 | $144,571 | $107,429 | $150,130 | $26,000 | 3 | $4 |
| 2019 | $187,272 | $333,393 | $273,746 | $198,000 | 8 | $7 |
About Rags for Riches Foundation
Based on IRS filings
Rags for Riches Foundation is a public charity, based in Culver City, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $43K in total assets. In 2025, it awarded 1 grant totaling $25K.
Leadership & Key People
Officers and directors from IRS filings
Rags for Riches Foundation is led by Jonathan Geller, President on every filing since 2022; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jonathan Geller
President
On filings since 2022
No compensation reported
Mark Steinman
Secretary
On filings since 2019
No compensation reported
Michael Geller
Chief Financial Officer
President → Chief Financial Officer, 2022
On filings since 2019
No compensation reported
Mark Weinstein
Chief Operating Officer
On filings since 2022
No compensation reported
Former officers (1)
- Former: Barry Sacks (2019–2021) — Treasurer
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Rags for Riches Foundation
How much does Rags for Riches Foundation give each year?
Rags for Riches Foundation gave $25K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $10K across 1 grant.
How large is Rags for Riches Foundation?
Rags for Riches Foundation reported $43K in total assets on its 2025 IRS Form 990.
Where does Rags for Riches Foundation operate?
Rags for Riches Foundation has awarded grants in California, District of Columbia, Maryland, Nevada, Utah.
What is Rags for Riches Foundation's EIN?
Rags for Riches Foundation's EIN (Employer Identification Number) is 95-4402623. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS June 22, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS July 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Rags for Riches Foundation's focus areas in our free grants database
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Figures come from Rags for Riches Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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