Reel Thanx Inc

Analysis

Reel Thanx Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Reel Thanx Inc reported income of $175k and spending of $121k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $101k to $175k (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reel Thanx Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Empower Yourself Ltd ($175k), Emmanuwheel ($175k) and Christians Concerned ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $390k against liabilities of $612, net assets of $389k.