Taking the Reins

Analysis

Taking the Reins is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1998, 28 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, Taking the Reins reported income of $813k and spending of $785k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $792k to $813k (+2.6%), an average of +0.6% a year. The sharpest change came in the year to December 2022, when income rose by 71%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Taking the Reins sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Progress Inc ($813k), North Country Workforce Partnership Inc ($814k) and Illinois Stewardship Alliance ($813k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $100k (13% of expenses). Other salaries and wages came to $188k. At year end it held assets of $3.2m against liabilities of $208k, net assets of $3.0m. It reported 7 employees.