Refushe Inc

Analysis

Refushe Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Refushe Inc reported income of $2.0m and spending of $2.1m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $2.0m (-22%), an average of -6.2% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Refushe Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include World Affairs Council of Greater Houston ($2.0m), East-West Center Foundation ($2.0m) and The Alexander Hamilton Society ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $121k (5.6% of expenses). Other salaries and wages came to $973k. At year end it held assets of $1.7m against liabilities of $343k, net assets of $1.3m. It reported 6 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.