Rei Development Corp

Analysis

Rei Development Corp is a registered charity in United States, based in Durant, OK. It received its IRS tax-exemption ruling in August 2007, 19 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rei Development Corp reported income of $2.8m and spending of $1.9m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $2.8m (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rei Development Corp sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within OK. Charities of a similar size with the same main cause include Western Colorado Alliance ($2.8m), Sheet Metal Workers International Association ($2.8m) and National Association of Womens Gymnastics Judges ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $651k. At year end it held assets of $5.8m against liabilities of $1.5m, net assets of $4.3m.