Regeneration Inc

Analysis

Regeneration Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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 September 2023, Regeneration Inc reported income of $1.1m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.2m to $1.1m (-5.7%), an average of -1.5% a year. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Regeneration Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Harpending Housing Inc ($1.1m), Paterson Education Foundation Inc ($1.1m) and W C Atkinson Memorial Community Service Center Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 76% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $115k (10% of expenses). Other salaries and wages came to $551k. At year end it held assets of $1.3m against liabilities of $301k, net assets of $952k. It reported 17 employees.