Reconnect Rondo

Analysis

Reconnect Rondo is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in August 2017, 9 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, Reconnect Rondo reported income of $2.4m and spending of $2.1m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $290k to $2.4m (+712%), an average of +69% a year. The sharpest change came in the year to December 2022, when income rose by 472%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Reconnect Rondo sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Ukiah Valley Association for Habilitation ($2.4m), M C Resource Management ($2.4m) and East Central Indiana Regional Partnership Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $135k (6.5% of expenses). Other salaries and wages came to $307k. At year end it held assets of $370k against liabilities of $290k, net assets of $80k. It reported 26 employees.