Reggie McKenzie Foundation Inc

Analysis

Reggie McKenzie Foundation Inc is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in February 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Reggie McKenzie Foundation Inc reported income of $156k and spending of $130k, spending 84% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $57k to $156k (+172%), an average of +172% a year. The sharpest change came in the year to August 2023, when income rose by 172%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reggie McKenzie Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within MI. Charities of a similar size with the same main cause include Al Rahmah Educational Trust ($156k), John F Kennedy Middle School Parent-Teacher Organization ($156k) and Fidalgo Nature School ($156k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.