Reclaimed Resale Inc

Analysis

Reclaimed Resale Inc is a registered charity in United States, based in Metamora, IL. It received its IRS tax-exemption ruling in July 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 Resale Inc reported income of $460k and spending of $398k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $484k to $460k (-4.9%), an average of -1.2% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reclaimed Resale Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include New Women New Yorkers Inc ($460k), Hope United ($460k) and Institute for Asian Pacific American Leadership & Advancement ($460k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% and program service revenue 93% of the total. Other salaries and wages came to $9,160. At year end it held assets of $685k against liabilities of $35k, net assets of $649k. It reported 5 employees.