Reclam the Bay Inc

Analysis

Reclam the Bay Inc is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Reclam the Bay Inc reported income of $153k and spending of $54k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $143k to $153k (+7.2%), an average of +7.2% a year. Over the whole period it spent 36% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Reclam the Bay Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 55th percentile within NJ. Charities of a similar size with the same main cause include Rice Museum ($153k), Friends of Lyndon B Johnson ($153k) and Shotgun Cinema ($153k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 29% of the total. At year end it held assets of $339k against liabilities of $0, net assets of $339k.