Recognizegood the Foundation

Analysis

Recognizegood the Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Recognizegood the Foundation reported income of $244k and spending of $221k, spending 91% of its income. The sharpest change came in the year to June 2022, when income rose by 97%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Recognizegood the Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Citizens for a Loring Park Community ($244k), Industry University Research Center Inc ($244k) and Streeterville Organization of Active Residents ($244k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $25k (11% of expenses). Other salaries and wages came to $282. At year end it held assets of $248k against liabilities of $0, net assets of $248k.