Revitalization Community Involvement Initiative Inc

Analysis

Revitalization Community Involvement Initiative Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Revitalization Community Involvement Initiative Inc reported income of $258k and spending of $214k, spending 83% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $123k to $258k (+110%), an average of +110% a year. The sharpest change came in the year to October 2023, when income rose by 110%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Revitalization Community Involvement Initiative Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Alternative Music Foundation ($258k), Pine Hills Childrens Advocacy Center ($258k) and Maui Historical Society ($258k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $10k (4.7% of expenses). At year end it held assets of $168k against liabilities of $5,326, net assets of $163k.