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Rhi Foundation Inc

EIN 35-1932349 · Indianapolis, IN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair55 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

The RHI Foundation exists to identify and secure non-operational sources of public and private funding for cutting-edge medical research, other operational resources and programming, and facilities and equipment that further the mission of the Rehabilitation Hospital of Indiana. (CONTINUED ON SCHEDULE O)

Income
$830,663
Spending
$632,709
Spent on programs
81%
Reserves
-5.4 months of spending
Largest source of income
donations and private grants, 66%
Employees
2
Volunteers
128
Highest pay
$599,318, board member (until august 2024)

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 55 out of 100. Higher than 13% of charities in its peer group (philanthropy, $250k to $1m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    20 of 20

    It owes 6% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 24% of income.

  • Income trend

    5 of 15

    Income fell 15% on the year before.

  • Spending floor

    15 of 15

    81% of spending went to programs and raising each dollar of donations cost 11 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 92% of charities in its peer group (philanthropy, $250k to $1m).

  • Independent board

    25 of 25

    11 of 12 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $183,564 spent. ADAPTIVE SPORTS PROGRAM: The RHI Foundation funds the RHI Adaptive Sports Program, a community-based program offering persons with physical disabilities the opportunity to participate in competitive and recreational team sports, elite/Paralympic athletic programs, and about 20 recreational sport clinics per year. This program provides those living with a physical disability the opportunity to participate in adaptive sports and recreation, increasing their feelings of connection, confidence, purpose, meaning, possibility, thrill, and joy.
  2. $174,827 spent. BRAIN INJURY RESEARCH: This project seeks to study a reentry program, Reentry Continuum for Brain Injury (RCBI), to address the needs of offenders with traumatic brain injury (TBI). RCBI is a multi-faceted program that evolved from three different reentry treatment programs for offenders with TBI. RCBI consists of a cognitive-behavioral therapy for TBI patients, an education and resource facilitation component, and a therapy specifically designed to address the anger and aggression issues that are often prevalent among offenders who have experienced TBI. To study RCBI, the research team will identify approximately 102 offenders with TBI, six months before release from Putnamville Correctional Facility (PCF). These offenders will be randomized into RCBI or regular reentry services. Intervention outcomes will be assessed using Indiana DOC administrative data on rearrests and technical violations at one-, two-, and three-year intervals. Participants will also be assessed based on reentry outcomes, such as employment, as well as aggressive thoughts.
  3. $151,950 spent. GENERAL SUPPORT FOR THE REHABILITATION HOSPITAL OF INDIANA: There are always patient needs that do not align with research or the adaptive sports program. The RHI Foundation provides patient financial assistance, staff training and education, equipment, and robotics programs to enhance the quality of life and patient experience, as well as address other needs that align with RHI's mission and can be supported through philanthropy.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 2015.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

  7. Could it be confused with another charity? Worth knowing.

    A much larger organization has a similar name: Ab Foundation (Washington, DC), EIN 27-5278038. If that is the one you meant, check the EIN before giving.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.