Remerg

Analysis

Remerg is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in January 2018, 8 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, Remerg reported income of $358k and spending of $350k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $181k to $358k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Remerg sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CO. Charities of a similar size with the same main cause include Yosemite National Park Child Care Center ($358k), Izzy Foundation Inc ($358k) and Herd Community Development Corporation ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $71k (20% of expenses). Other salaries and wages came to $141k. At year end it held assets of $84k against liabilities of $50k, net assets of $34k.