R3sm Inc

Analysis

R3sm Inc is a registered charity in United States, based in Hattiesburg, MS. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 2022, R3sm Inc reported income of $534k and spending of $512k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $996k to $534k (-46%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 108% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, R3sm Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MS. Charities of a similar size with the same main cause include Bolivia Volunteer Fire Department ($534k), Hallettsville Volunteer Fire Dept ($535k) and Golden Retrievers in Need Rescue Service Inc ($533k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $104k (20% of expenses). At year end it held assets of $1.1m against liabilities of $18k, net assets of $1.1m. It reported 4 employees.