Reliant Foundation Inc

Analysis

Reliant Foundation Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in September 1988, 38 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, Reliant Foundation Inc reported income of $695k and spending of $1.5m, spending 217% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.6m to $695k (-93%), an average of -49% a year. The sharpest change came in the year to December 2021, when income rose by 397%. Over the whole period it spent 51% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Reliant Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Ouachita Valley Health System ($695k), Shevet Achim ($695k) and Wellspring Second Chance Center ($695k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. Other salaries and wages came to $357k. At year end it held assets of $27.9m against liabilities of $164k, net assets of $27.7m. It reported 5 employees.