Rex Foundation

Analysis

Rex Foundation is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in September 1984, 42 years ago. 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 December 2023, Rex Foundation reported income of $319k and spending of $368k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $319k (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rex Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Big Brothers-Big Sisters of Marquette County Inc ($319k), Washington Metropolitan Tamil Congregation Indians for Christ ($319k) and DRG Foundation ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $78k (21% of expenses). Other salaries and wages came to $54k. At year end it held assets of $482k against liabilities of $17k, net assets of $465k.