Rediscover Center Inc

Analysis

Rediscover Center Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2004, 22 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, Rediscover Center Inc reported income of $1.5m and spending of $1.2m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $614k to $1.5m (+150%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rediscover Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Young Mens Christian Association of Southwest Washington ($1.5m), Open Buffalo Inc ($1.5m) and Nevada Coalition to End Domestic and Sexual Violence ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $95k (7.7% of expenses). Other salaries and wages came to $740k. At year end it held assets of $509k against liabilities of $144k, net assets of $365k. It reported 37 employees.