Recoded Co

Analysis

Recoded Co is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 June 2023, Recoded Co reported income of $3.4m and spending of $3.1m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $3.4m (+177%), an average of +40% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Recoded Co sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Boys & Girls Club of Valdosta Inc ($3.4m), Boys & Girls Clubs of Greater Kalamazoo Inc ($3.4m) and Ilitch Charities Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $236k (7.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.8m against liabilities of $804k, net assets of $952k. It reported 44 employees.