Recyclers Educating Against Drugs Foundation Inc

Analysis

Recyclers Educating Against Drugs Foundation Inc is a registered charity in United States, based in Woodbridge, NJ. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Recyclers Educating Against Drugs Foundation Inc reported income of $86k and spending of $89k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $133k to $86k (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Recyclers Educating Against Drugs Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Mainstreet Coronado Ltd ($86k), Powher New York Inc ($86k) and Inland Empire Section National Council of Negro Women Inc ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $35k. At year end it held assets of $34k against liabilities of $1,146, net assets of $33k. It reported 2 employees.

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.