Rene G Haley Initiative

Analysis

Rene G Haley Initiative is a registered charity in United States, based in Bowie, MD. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Rene G Haley Initiative reported income of $53k and spending of $44k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $77k to $53k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 66% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rene G Haley Initiative sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within MD. Charities of a similar size with the same main cause include Junior Amateur Golf Scholars ($53k), Cloverleaf Youth Football ($53k) and Lincoln Baseball Association ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.