Reclaim

Analysis

Reclaim is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reclaim reported income of $213k and spending of $520k, spending 244% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $484k to $213k (-56%), an average of -15% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reclaim sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within WA. Charities of a similar size with the same main cause include Northwestern Lehigh Educational Foundation Inc ($213k), Fenton Free Library Association ($213k) and Danish American Archive and Library ($213k).

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 $163k (31% of expenses). Other salaries and wages came to $134k. At year end it held assets of $232k against liabilities of $63k, net assets of $168k. It reported 5 employees.