Rebound Inc

Analysis

Rebound Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 1989, 37 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 June 2023, Rebound Inc reported income of $2.5m and spending of $2.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $972k to $2.5m (+160%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 757%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rebound Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within KY. Charities of a similar size with the same main cause include Richmond Neighborhood Housing Services Inc ($2.5m), Community Residential Services Inc ($2.5m) and Kissito Healthcare Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 47% of the total. At year end it held assets of $8.6m against liabilities of $3.7m, net assets of $4.9m.