Refugee Investment Network Inc

Analysis

Refugee Investment Network Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2022, 4 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, Refugee Investment Network Inc reported income of $551k and spending of $776k, spending 141% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $572k to $551k (-3.7%), an average of -1.9% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Refugee Investment Network Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 45th percentile within DC. Charities of a similar size with the same main cause include Hispanic Liaison of Chatham County ($551k), Healthy Solutions for Parents & Caregivers ($551k) and Colquitt County Serinity House Project Inc ($551k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $178k (23% of expenses). At year end it held assets of $69k against liabilities of $55k, net assets of $15k.