Rema 4 US Inc

Analysis

Rema 4 US Inc is a registered charity in United States, based in Far Rockaway, NY. It received its IRS tax-exemption ruling in May 2019, 7 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 June 2022, Rema 4 US Inc reported income of $387k and spending of $336k, spending 87% of its income. Across the 2 years on record, from June 2021 to June 2022, income grew from $305k to $387k (+27%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rema 4 US Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Villages Community Development Corporation ($387k), West Michigan Hispanic Chamber of Commerce Foundation ($387k) and Sleepy Hollow Charitable Foundation ($387k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 89% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $73k (22% of expenses). Other salaries and wages came to $67k. At year end it held assets of $89k against liabilities of $42k, net assets of $47k. It reported 2 employees.