Recycle for Education Inc

Analysis

Recycle for Education Inc is a registered charity in United States, based in Saint Albans, NY. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Recycle for Education Inc reported income of $464k and spending of $472k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $618k to $464k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Recycle for Education Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Foundations Christian Academy ($464k), Bloomington Central Catholic High School Foundation ($464k) and Ace Leadership High School Foundation ($464k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Other salaries and wages came to $20k. At year end it held assets of $64k against liabilities of $190k, net assets of -$126k. It reported 1 employees.