Reclaimed Project

Analysis

Reclaimed Project is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Reclaimed Project reported income of $1.2m and spending of $950k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $569k to $1.2m (+111%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reclaimed Project sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within MS. Charities of a similar size with the same main cause include A-1 Community Housing Services ($1.2m), Cielo Project Radio Ranch ($1.2m) and Soupmobile Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $85k (8.9% of expenses). Other salaries and wages came to $232k. At year end it held assets of $698k against liabilities of $8,093, net assets of $690k. It reported 10 employees.