Regional Economic Community Action Program Inc

Analysis

Regional Economic Community Action Program Inc is a registered charity in United States, based in Middletown, NY. It received its IRS tax-exemption ruling in February 1967, 59 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 February 2023, Regional Economic Community Action Program Inc reported income of $10.9m and spending of $10.9m, spending 100% of its income. Across the 5 years on record, from February 2019 to February 2023, income grew from $8.8m to $10.9m (+24%), an average of +5.6% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Regional Economic Community Action Program Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Korean Community Services of Metropolitan New York Inc ($10.8m), Hospice of Darke County Inc ($10.9m) and Unique People Services AIDS Programs Inc ($10.8m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $227k (2.1% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $8.7m against liabilities of $4.4m, net assets of $4.3m. It reported 168 employees.