Regenmed Development Organization

Analysis

Regenmed Development Organization is a registered charity in United States, based in Winstonsalem, NC. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Regenmed Development Organization reported income of $1.2m and spending of $1.2m, spending 101% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $2.1m to $1.2m (-43%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 46%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Regenmed Development Organization sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Community of Caring ($1.2m), Logan Community Services Inc ($1.2m) and Haven Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $11k (0.9% of expenses). Other salaries and wages came to $81k. At year end it held assets of $565k against liabilities of $601k, net assets of -$35k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.