Reinvent Stockton Foundation

Analysis

Reinvent Stockton Foundation is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in September 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, Reinvent Stockton Foundation reported income of $6.8m and spending of $9.8m, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.7m to $6.8m (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2020, when income rose by 261%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Reinvent Stockton Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Altcap ($6.8m), Charlotte Works ($6.8m) and The Capital Good Fund ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $597k (6.1% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $34.2m against liabilities of $483k, net assets of $33.7m. It reported 24 employees.