Reverb Inc

Analysis

Reverb Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Reverb Inc reported income of $5.5m and spending of $4.4m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $5.5m (+153%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 171%. Over the whole period it spent 82% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Reverb Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within ME. Charities of a similar size with the same main cause include Missouri Conservation Heritage Foundation ($5.5m), Hurricane Island Outward Bound School ($5.5m) and Center for Neighborhood Technology ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $298k (6.7% of expenses). Other salaries and wages came to $750k. At year end it held assets of $5.3m against liabilities of $599k, net assets of $4.7m. It reported 17 employees.