The Recares Network

Analysis

The Recares Network is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Recares Network reported income of $89k and spending of $83k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $89k (+8.7%), an average of +8.7% a year. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Recares Network sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Food for Life of New Orleans Inc ($89k), The Living Eucharistic Jesus ($89k) and Special Youth Challenge Ministries of Northwest Iowa Inc ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $198k against liabilities of $5,231, net assets of $193k.