Reinvestment Fund Inc

Analysis

Reinvestment Fund Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 1985, 41 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, Reinvestment Fund Inc reported income of $78.0m and spending of $51.3m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $38.4m to $78.0m (+103%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 99%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Reinvestment Fund Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include The Community Preservation Corporation ($77.9m), Goodwill Industries of San Diego County ($81.8m) and Detroit Employment Solutions Corporation ($77.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $3.3m (6.5% of expenses). Other salaries and wages came to $8.2m. It paid $109k in professional fundraising fees. At year end it held assets of $669.6m against liabilities of $392.7m, net assets of $276.9m. It reported 112 employees.