Rexel Foundation Inc

Analysis

Rexel Foundation Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 2022, 4 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 (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, Rexel Foundation Inc reported income of $689k and spending of $415k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $251k to $689k (+174%), an average of +174% a year. The sharpest change came in the year to December 2023, when income rose by 174%. Over the whole period it spent 45% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rexel Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Social Justice Charitable Foundation ($689k), Just Tryan It Inc ($690k) and Oswego Health Foundation Inc ($689k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $530k against liabilities of $14k, net assets of $516k.