Rethinkx Inc
EIN: 814898711 · New York, NY · NTEE: P05
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Net Assets | $362K |
Is Rethinkx Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rethinkx Inc
Rethinkx Inc (EIN: 814898711) is a nonprofit organization based in New York, NY, classified under NTEE code P05. The organization reported total revenue of $2.2M and total assets of $420K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rethinkx Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rethinkx Inc is a mid-size nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 22.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-196,406 |
| Total Assets | $362K |
| Net Assets | $362K |
| Operating Margin | -10.0% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2023, Rethinkx Inc reported a deficit of $196K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited).
Financial Trends
Over 6 years of filings (2018–2023), Rethinkx Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +100.0% | +44.7% | -34.0% |
| 2022 | -47.6% | +22.7% | -48.2% |
| 2021 | +35.7% | +10.5% | +161.4% |
| 2020 | +66.3% | +20.5% | +217.2% |
| 2019 | +15.2% | +73.5% | -38.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rethinkx Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rethinkx Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $196K, with expenses exceeding revenue.
Frequently Asked Questions about Rethinkx Inc
Is Rethinkx Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rethinkx Inc (EIN: 814898711) insufficient data. 0 red flags identified, 0 strengths noted.
How does Rethinkx Inc spend its money?
Detailed spending breakdown data is not yet available for Rethinkx Inc. Check back for updated IRS 990 analysis.
Are donations to Rethinkx Inc tax-deductible?
Rethinkx Inc is registered as a tax-exempt nonprofit (EIN: 814898711). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rethinkx Inc located?
Rethinkx Inc is headquartered in New York, New York and files with the IRS under EIN 814898711. It is classified under NTEE code P05.
How many years of IRS 990 filings does Rethinkx Inc have?
Rethinkx Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.2M in total revenue.
Filing History
IRS 990 filing history for Rethinkx Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Rethinkx Inc's revenue has grown by 172.5%, moving from $718K to $2.0M. Total assets increased by 73.6% over the same period, from $208K to $362K. Total functional expenses rose by 310.3%, from $525K to $2.2M. In its most recent filing year (2023), Rethinkx Inc reported a deficit of $196K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.2M | $362K | $0 | — | — |
| 2022 | $978K | $1.5M | $548K | $0 | — | View 990 |
| 2021 | $1.9M | $1.2M | $1.1M | $0 | — | View 990 |
| 2020 | $1.4M | $1.1M | $405K | $0 | — | — |
| 2019 | $826K | $910K | $128K | $0 | — | — |
| 2018 | $718K | $525K | $208K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.2M, and assets of $362K (revenue +100.0% year-over-year).
- 2022: Revenue of $978K, expenses of $1.5M, and assets of $548K (revenue -47.6% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.2M, and assets of $1.1M (revenue +35.7% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.1M, and assets of $405K (revenue +66.3% year-over-year).
- 2019: Revenue of $826K, expenses of $910K, and assets of $128K (revenue +15.2% year-over-year).
- 2018: Revenue of $718K, expenses of $525K, and assets of $208K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rethinkx Inc:
Data Sources and Methodology
This transparency report for Rethinkx Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.