Rwbid Management Company

Analysis

Rwbid Management Company is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Rwbid Management Company reported income of $595k and spending of $724k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $586k to $595k (+1.5%), an average of +0.4% a year. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rwbid Management Company 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 73rd percentile, and in the 68th percentile within DE. Charities of a similar size with the same main cause include East Village Association Inc ($594k), Global Transpark Foundation Inc ($595k) and Punta Gorda Isles Civic Association Inc ($594k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.4% and program service revenue 91% of the total. At year end it held assets of $234k against liabilities of $28k, net assets of $206k.