Remission Foundation Inc

Analysis

Remission Foundation Inc is a registered charity in United States, based in Rye Brook, NY. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Remission Foundation Inc reported income of $104k and spending of $117k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $132k to $104k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Remission Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Hand to Hand Hunger Project ($103k), Mineral Area Ministerial Association Inc ($104k) and Estrellas Y Arena Corp ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.