Re Source Global

Analysis

Re Source Global is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Re Source Global reported income of $1.6m and spending of $1.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $479k to $1.6m (+244%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 124% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Re Source Global sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include West Michigan Christian Foundation ($1.6m), Eden Project Foundation ($1.7m) and Judaism Your Way ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $118k (7.1% of expenses). Other salaries and wages came to $526k. At year end it held assets of $218k against liabilities of $1.2m, net assets of -$991k. It reported 18 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.