Racine Revitalization Partnership

Analysis

Racine Revitalization Partnership is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in September 2016, 10 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, Racine Revitalization Partnership reported income of $152k and spending of $163k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $421k to $152k (-64%), an average of -22% a year. The sharpest change came in the year to December 2020, when income dropped by 58%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Racine Revitalization Partnership sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within WI. Charities of a similar size with the same main cause include Social Impact Properties ($152k), Urban Business Support ($152k) and Kiwanis Foundation of Arlington Va ($152k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $65k (40% of expenses). Other salaries and wages came to $2,948. At year end it held assets of $1.0m against liabilities of $841k, net assets of $182k. It reported 2 employees.