Reb Community Development Corporation

Analysis

Reb Community Development Corporation is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Reb Community Development Corporation reported income of $1.6m and spending of $1.6m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.6m (+3.1%), an average of +0.8% a year. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Reb Community Development Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Bighorn Golf Club Charities ($1.6m), One Armenia Inc ($1.6m) and Uvmc Foundation ($1.6m).

At year end it held assets of $4.6m against liabilities of $1.1m, net assets of $3.5m.