Reece Foundation Corp

Analysis

Reece Foundation Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Reece Foundation Corp reported income of $462k and spending of $259k, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $260k to $462k (+78%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 117%. Over the whole period it spent 116% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Reece Foundation Corp sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include International Assoc of Lions Clubs ($462k), Graham Rahal Foundation Inc ($462k) and 118 East 111th Street Corp ($460k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 41% of the total. It paid $193 in professional fundraising fees. At year end it held assets of $1.8m against liabilities of $1.7m, net assets of $142k.