Real Estate Executive Council Foundation

Analysis

Real Estate Executive Council Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2022, 4 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 2022, Real Estate Executive Council Foundation reported income of $612k and spending of $564k, spending 92% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $110k to $612k (+457%), an average of +457% a year. The sharpest change came in the year to December 2022, when income rose by 457%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Real Estate Executive Council Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Safety Council of Southwestern Ohio ($612k), Greater Lima Region Inc ($613k) and Forward Memphis ($612k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% and program service revenue 7.3% of the total. At year end it held assets of $159k against liabilities of $1,000, net assets of $158k.