Reisterstown Improvement Association Inc

Analysis

Reisterstown Improvement Association Inc is a registered charity in United States, based in Reisterstown, MD. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Reisterstown Improvement Association Inc reported income of $275k and spending of $279k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $85k to $275k (+224%), an average of +48% a year. The sharpest change came in the year to December 2021, when income rose by 398%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Reisterstown Improvement Association Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include Goodwill Solutions Inc ($275k), Colorado Energy Foundation ($275k) and Wake Forest Area Chamber Foundation ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 3.4% of the total. Other salaries and wages came to $60k. At year end it held assets of $181k against liabilities of $0, net assets of $181k. It reported 2 employees.