Bob Rewards Club

Analysis

Bob Rewards Club is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2020, 6 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 2023, Bob Rewards Club reported income of $102k and spending of $101k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $102k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bob Rewards Club sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within MN. Charities of a similar size with the same main cause include Tulare County Sheriffs Foundation ($102k), Friends for Injured Workers ($102k) and American Friends of the Cardozo School ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.