Reins of Life Inc

Analysis

Reins of Life Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in June 1978, 48 years ago. 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, Reins of Life Inc reported income of $1.6m and spending of $930k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.6m (+50%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reins of Life Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Laurel Education Center Inc ($1.6m), Blindness Support Services ($1.6m) and On Lok House Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $77k (8.3% of expenses). Other salaries and wages came to $315k. At year end it held assets of $3.3m against liabilities of $108k, net assets of $3.2m. It reported 17 employees.