Rhema Life Foundation Inc
Rhema Life Foundation Inc is a private foundation based in Grapevine, Texas, established in 1999. The foundation operates as a 501(c)(3) organization and focuses on outreach funding.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.7M
+12.8% YoY
Annual Giving
$1.0M
-62.5% YoY
Grant Count
29
-14.7% YoY
Avg Grant Size
$36K
-56.1% YoY
Mission & Focus Areas
The foundation primarily funds outreach initiatives. Recent grantees indicate a focus on Christian and humanitarian organizations.
Grantmaking
The foundation does not accept unsolicited applications. Grantmaking is by invitation only.
Grant Range
$37,000
Average Grant
amount: $148,300
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Geographic Focus
Where this funder awards grants
The foundation is based in Texas and operates nationally, with no specific geographic restrictions indicated in available materials.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $14.8 million
- Total giving: $2.8 million
- Total revenues: $7.75 million
- Total expenses: $2.9 million
- Giving rate: 18.9% of assets
Revenue Composition (2023):
- Grants and contributions: $4.95 million
- Investment income and dividends: $333,473
- Net gain from sale of non-inventory assets: $2.46 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,659,658 | $14,769,439 | $9,894,743 |
| Revenue | $3,182,921 | $7,750,211 | $14,844,209 |
| Expenses | $1,267,969 | $2,900,084 | $4,082,735 |
| Qualifying Distributions | $1,044,000 | $2,787,536 | $4,010,284 |
| Net Investment Income | $1,029,201 | $2,771,152 | $191,121 |
| Distributable Amount | $895,094 | $628,746 | $353,242 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
115 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- William R Kruse — President
- Deborah L Kruse — Secretary
- William T Kruse — Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM R KRUSE | PRESIDENT | — | — |
| DEBORAH L KRUSE | SECRETARY | — | — |
| WILLIAM T KRUSE | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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