Regalorx Inc

Analysis

Regalorx Inc is a registered charity in United States, based in Lenexa, KS. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Regalorx Inc reported income of $19.6m and spending of $15.3m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $931k to $19.6m (+2001%), an average of +114% a year. The sharpest change came in the year to December 2020, when income rose by 269%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Regalorx Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within KS. Charities of a similar size with the same main cause include Apicha Community Health Center ($19.6m), Community Health Network Foundation Inc ($19.6m) and Center for Family Health and Education Inc ($19.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 70% of the total. Compensation of current officers, directors and key employees was $521k (3.4% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $1.5m against liabilities of $821k, net assets of $727k. It reported 241 employees.