Reelin for Research Inc

Analysis

Reelin for Research Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Reelin for Research Inc reported income of $760k and spending of $958k, spending 126% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $694k to $760k (+9.6%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 191%. Over the whole period it spent 174% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Reelin for Research Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Catalyst for Change ($760k), Rise Corp ($760k) and TBHC Medical Testing Services ($760k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $10k (1.0% of expenses). At year end it held assets of $435k against liabilities of $537, net assets of $435k.

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.