Revo Inc

Analysis

Revo Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 1994, 32 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 2021, Revo Inc reported income of $130k and spending of $112k, spending 86% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $312k to $130k (-58%), an average of -35% a year. The sharpest change came in the year to December 2021, when income dropped by 39%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Revo Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within NM. Charities of a similar size with the same main cause include Hull House Foundation ($130k), Original Mount Gretna Cicada Music Festival Inc ($130k) and Exeter Historical Society ($130k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Other salaries and wages came to $28k. At year end it held assets of $29k against liabilities of $41k, net assets of -$12k. It reported 4 employees.