Re Power Fund

Analysis

Re Power Fund is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in November 2003, 23 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, Re Power Fund reported income of $5.1m and spending of $4.3m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $5.1m (+263%), an average of +38% a year. The sharpest change came in the year to December 2020, when income rose by 106%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Re Power Fund sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Mitzvah Circle Foundation ($5.1m), Mountain-Plains Youth Services Coalition ($5.1m) and Young Mens Christian Association ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $186k (4.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $10.0m against liabilities of $826k, net assets of $9.2m.