Reinvest Toledo

Analysis

Reinvest Toledo is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in February 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reinvest Toledo reported income of $50k and spending of $47k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $70k to $50k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Reinvest Toledo sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within OH. Charities of a similar size with the same main cause include Anzafrika ($50k), Robert and Christine Chiles Foundation ($50k) and Blue Belt the Blue Corp ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $5,600, net assets of $40k.