Reba Place Development Corporation

Analysis

Reba Place Development Corporation is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reba Place Development Corporation reported income of $478k and spending of $436k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $322k to $478k (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Reba Place Development Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Clear Brook Housing Inc ($478k), Marilla Jackson Living Center ($478k) and Retiree Housing of Birmingham Inc ($477k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Other salaries and wages came to $156k. At year end it held assets of $1.5m against liabilities of $1.0m, net assets of $522k. It reported 3 employees.