Reisenbach Philanthropies Inc

Analysis

Reisenbach Philanthropies Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Reisenbach Philanthropies Inc reported income of $800k and spending of $821k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $579k to $800k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Reisenbach Philanthropies Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Lifetime Wells International ($800k), West Valley Arts and Cultural Found Ation ($800k) and Elements of Education Partners ($799k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $139k (17% of expenses). Other salaries and wages came to $107k. At year end it held assets of $413k against liabilities of $7,266, net assets of $406k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.