Rec2connect Foundation

Analysis

Rec2connect Foundation is a registered charity in United States, based in Independence, OH. It received its IRS tax-exemption ruling in April 2015, 11 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, Rec2connect Foundation reported income of $716k and spending of $666k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $411k to $716k (+74%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rec2connect Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Fortuna Senior Services Inc ($716k), Priceless Treasures Thrift Shop Inc ($716k) and South Dakota Parent Connection ($716k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $63k (9.5% of expenses). Other salaries and wages came to $309k. At year end it held assets of $408k against liabilities of $402, net assets of $407k. It reported 10 employees.