Relume Foundation Inc

Analysis

Relume Foundation Inc is a registered charity in United States, based in Far Rockaway, NY. 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 October 2023, Relume Foundation Inc reported income of $440k and spending of $314k, leaving 29% of income unspent that year. Across the 2 years on record, from October 2022 to October 2023, income fell from $480k to $440k (-8.2%), an average of -8.2% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Relume Foundation Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Humane Society Thrift Store of Forsyth County Inc ($440k), Three Rivers Food Site Inc ($440k) and Care and Share Inc ($440k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $122k against liabilities of -$2,093, net assets of $124k.