Reformation Heritage Books Inc

Analysis

Reformation Heritage Books Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in June 1995, 31 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 June 2023, Reformation Heritage Books Inc reported income of $7.0m and spending of $6.6m, spending 94% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $2.8m to $7.0m (+149%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 208%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reformation Heritage Books Inc 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 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Horizon Educational Services Inc ($7.0m), Columbus Arts and Technology Academy ($7.0m) and Synergy School of Tomorrow Inc ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $361k (5.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $9.1m against liabilities of $369k, net assets of $8.7m. It reported 42 employees.