Reboot RX Inc

Analysis

Reboot RX Inc is a registered charity in United States, based in Winchester, MA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 June 2023, Reboot RX Inc reported income of $521k and spending of $591k, spending 114% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.4m to $521k (-62%), an average of -27% a year. The sharpest change came in the year to June 2021, when income dropped by 83%. Over the whole period it spent 67% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Reboot RX Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Sports Therapeutic and Adaptive Recreation Star Association ($520k), Michigan Psychoanalytic Institute Inc ($521k) and California Telehealth Network ($520k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $187k (32% of expenses). Other salaries and wages came to $260k. At year end it held assets of $983k against liabilities of $186k, net assets of $797k. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.