Reta Inc

Analysis

Reta Inc is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Reta Inc reported income of $1.2m and spending of $1.4m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $569k to $1.2m (+113%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 414%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reta Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Youth Quest Inc ($1.2m), Leebling Inc ($1.2m) and Childrens Global Health Fund Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $146k (10% of expenses). Other salaries and wages came to $574k. At year end it held assets of $5.5m against liabilities of $33k, net assets of $5.4m. It reported 24 employees.