Reshoring Initiative

Analysis

Reshoring Initiative is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 December 2023, Reshoring Initiative reported income of $173k and spending of $179k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $49k to $173k (+250%), an average of +37% a year. The sharpest change came in the year to December 2020, when income rose by 195%. Over the whole period it spent 88% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Reshoring Initiative sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Salem Audubon Society ($173k), More Action for Regeneration Inc ($173k) and Eco-School Network ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $35k (19% of expenses). Other salaries and wages came to $26k. At year end it held assets of $293k against liabilities of $0, net assets of $293k. It reported 2 employees.