Revel

Analysis

Revel is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in September 2016, 10 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 December 2023, Revel reported income of $1.8m and spending of $1.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $620k to $1.8m (+187%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Revel sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Favorhouse of Northwest Florida Inc ($1.8m), McAuley Corporation ($1.8m) and Ywam Pneuma Springs ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $139k (8.0% of expenses). Other salaries and wages came to $784k. At year end it held assets of $562k against liabilities of $154k, net assets of $408k. It reported 25 employees.