Recompense Fund

Analysis

Recompense Fund is a registered charity in United States, based in Chebeague Is, ME. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Recompense Fund reported income of $275k and spending of $101k, leaving 63% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $908k to $275k (-70%), an average of -33% a year. The sharpest change came in the year to December 2021, when income dropped by 79%. Over the whole period it spent 21% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Recompense Fund sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 54th percentile within ME. Charities of a similar size with the same main cause include Be the Village Inc ($275k), Jewish Healing and Hospice Center of Los Angeles Inc ($275k) and Cascade Community Foundation ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.