Reboot Charity Inc

Analysis

Reboot Charity Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in November 2012, 14 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, Reboot Charity Inc reported income of $62k and spending of $363k, spending 583% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $976k to $62k (-94%), an average of -50% a year. The sharpest change came in the year to December 2023, when income rose by 417%. Over the whole period it spent 158% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reboot Charity Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Wayne County Senior Citizens Inc ($62k), Seva Foundation Inc ($62k) and We See You Inc ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 418% and program service revenue 39% of the total. At year end it held assets of $110k against liabilities of $491k, net assets of -$381k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.