Rethinkx Inc

Analysis

Rethinkx Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rethinkx Inc reported income of $2.0m and spending of $2.2m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $826k to $2.0m (+137%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rethinkx Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Oaks of Hebron Incorporated ($2.0m), The Prosperity Foundation Inc ($2.0m) and Educhrist ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $300k (14% of expenses). At year end it held assets of $362k against liabilities of $0, net assets of $362k.