Friends of Reaim Inc

Analysis

Friends of Reaim Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Friends of Reaim Inc reported income of $723k and spending of $699k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $433k to $723k (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of Reaim Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Ame Zion Publishing House ($723k), Orthodox Ministry Services ($723k) and 119 Ministries ($722k).

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 $51k (7.4% of expenses). At year end it held assets of $203k against liabilities of $0, net assets of $203k. It reported 1 employees.