Revolutionary Economy for All Local Peoples Fund

Analysis

Revolutionary Economy for All Local Peoples Fund is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Revolutionary Economy for All Local Peoples Fund reported income of $116k and spending of $426k, spending 368% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $500k to $116k (-77%), an average of -52% a year. The sharpest change came in the year to December 2023, when income dropped by 78%. Over the whole period it spent 46% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Revolutionary Economy for All Local Peoples Fund sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include North Mississippi Enterprise Inc ($116k), Albany Black Chamber of Commerce Foundation Inc ($116k) and Owego Marketplace Inc ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $4.5m against liabilities of $3.9m, net assets of $618k.