Reliabilityfirst Corporation

Analysis

Reliabilityfirst Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Reliabilityfirst Corporation reported income of $27.8m and spending of $28.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.7m to $27.8m (+8.2%), an average of +2.0% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reliabilityfirst Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Silicon Valley International School ($27.8m), Presbyterian Retirement Village of Rapid City Inc ($27.8m) and Park Duvalle Community Health Center Inc ($27.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $4.6m (17% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $23.7m against liabilities of $11.5m, net assets of $12.2m. It reported 125 employees.