Reckoning Inc

Analysis

Reckoning Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Reckoning Inc reported income of $253k and spending of $269k, spending 106% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $412k to $253k (-39%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Reckoning Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within KY. Charities of a similar size with the same main cause include The Denver Architectural Foundation Inc ($253k), Dogwood Crafters Incorporated ($253k) and Potters Guild Inc ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Other salaries and wages came to $120k. At year end it held assets of $152k against liabilities of $0, net assets of $152k. It reported 2 employees.