Retrain Reclaim Renew Inc

Analysis

Retrain Reclaim Renew Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover employment, 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, Retrain Reclaim Renew Inc reported income of $205k and spending of $120k, leaving 41% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $200k to $205k (+2.6%), an average of +1.3% a year. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Retrain Reclaim Renew Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Washington State Rural Development Council ($205k), Main Street Clinton ($205k) and Albion Reinvestment Corporation ($205k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $66k (55% of expenses). At year end it held assets of $326k against liabilities of $33k, net assets of $294k. It reported 1 employees.