Rema Hort Mann Foundation Inc

Analysis

Rema Hort Mann Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1996, 30 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, Rema Hort Mann Foundation Inc reported income of $793k and spending of $722k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $610k to $793k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2022, when income rose by 619%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rema Hort Mann Foundation Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Bambi International Foundation Inc ($793k), Olympic View Community Foundation ($794k) and Yoshiki Foundation America ($793k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. Other salaries and wages came to $90k. At year end it held assets of $6.2m against liabilities of $180k, net assets of $6.1m. It reported 1 employees.