Rebound Inc

Analysis

Rebound Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 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 October 2023, Rebound Inc reported income of $1.8m and spending of $2.2m, spending 121% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.3m to $1.8m (+38%), an average of +8.4% a year. The sharpest change came in the year to October 2021, when income rose by 42%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rebound Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Friends of Yates Branch Inc ($1.8m), Dwelling Place ($1.8m) and Echo Inc ($1.8m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $311k (14% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.3m against liabilities of $190k, net assets of $1.1m. It reported 74 employees.