Rediscover Foundation

Analysis

Rediscover Foundation is a registered charity in United States, based in Lees Summit, MO. It received its IRS tax-exemption ruling in February 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rediscover Foundation reported income of $450k and spending of $305k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $943k to $450k (-52%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 176% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rediscover Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within MO. Charities of a similar size with the same main cause include Buck Hill Ski Racing Club ($450k), Johnson City Senior Citizens Center Inc ($450k) and Riverwood Health Care Center & Comm Hospital Foundation ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% of the total. Other salaries and wages came to $45k. At year end it held assets of $5.5m against liabilities of $72k, net assets of $5.4m. It reported 2 employees.