David Reznick Foundation Inc

Analysis

David Reznick Foundation Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, David Reznick Foundation Inc reported income of $175k and spending of $70k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $114k to $175k (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 194%. Over the whole period it spent 125% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, David Reznick Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($175k), Greenwood Community Improvement Foundation Inc ($175k) and Middleburg Institute ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 43% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.