Rgec Inc

Analysis

Rgec Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Rgec Inc reported income of $10.1m and spending of $6.0m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $10.1m (+140%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 204%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rgec Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within NM. Charities of a similar size with the same main cause include Eden Christian Academy ($10.1m), Educational Credential Evaluators Inc ($10.1m) and Cherry Hills Christian School ($10.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $402k (6.7% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $9.0m against liabilities of $3.7m, net assets of $5.3m. It reported 36 employees.