Revelas Family Foundation Inc

Analysis

Revelas Family Foundation Inc is a registered charity in United States, based in Snyder, NY. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Revelas Family Foundation Inc reported income of $54k and spending of $1,525, leaving 97% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $24k to $54k (+130%), an average of +130% a year. The sharpest change came in the year to December 2023, when income rose by 130%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Revelas Family Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Rotary District 5400 Charitable Programs Inc ($54k), Open Door Family Life Center Inc ($54k) and Kevin From Heaven Foundation ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 173% of the total. At year end it held assets of $88k against liabilities of $28k, net assets of $60k.