Richard Reese Employee Relief Fund Inc

Analysis

Richard Reese Employee Relief Fund Inc is a registered charity in United States, based in Royersford, PA. It received its IRS tax-exemption ruling in December 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 2023, Richard Reese Employee Relief Fund Inc reported income of $111k and spending of $138k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $213k to $111k (-48%), an average of -15% a year. The sharpest change came in the year to December 2020, when income rose by 287%. Over the whole period it spent 85% 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, Richard Reese Employee Relief Fund Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within PA. Charities of a similar size with the same main cause include Southwest Marion Volunteer Fire Department ($111k), Somers Point Volunteer Fire Company N0 2 ($111k) and Manhasset Lakeville Fire Department Company No 2 Inc ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $669k against liabilities of $0, net assets of $669k.