Release Inc

Analysis

Release Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, Release Inc reported income of $5.1m and spending of $4.0m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $5.1m (+190%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 78%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Release Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within NE. Charities of a similar size with the same main cause include Near East Organization ($5.1m), Repairers of the Breach Inc ($5.2m) and St Therese of Deephaven Senior Living ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $101k (2.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $2.5m against liabilities of $402k, net assets of $2.1m. It reported 68 employees.