Reinvented Inc

Analysis

Reinvented Inc is a registered charity in United States, based in Rockledge, FL. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Reinvented Inc reported income of $67k and spending of $75k, spending 112% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $94k to $67k (-28%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Reinvented Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 30th percentile within FL. Charities of a similar size with the same main cause include Center Theatre Inc ($67k), Ars Choralis Inc ($67k) and No Mans Land Film Festival ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 5.4% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.