Rea Foundation Inc

Analysis

Rea Foundation Inc is a registered charity in United States, based in New Phila, OH. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Rea Foundation Inc reported income of $157k and spending of $202k, spending 129% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $207k to $157k (-24%), an average of -13% a year. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rea Foundation 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 49th percentile within OH. Charities of a similar size with the same main cause include Fkec Members Charitable Trust Inc ($157k), Northeast Oklahoma Electric Cooperative Foundation Inc ($157k) and Shawn Thornton Foundation Inc ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $208k against liabilities of $0, net assets of $208k.