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The Reinvestment Fund
The Reinvestment Fund reported $56.5 million in revenue and $49.6 million in expenses for calendar year 2024. Of every $100 it spent, $76.92 went to program services, $22.49 to management and general costs and $0.59 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 65.3% of the total. Government grants made up 14.6%. The highest compensation it reported for one person was $727,288 (PRESIDENT & CEO). 62 people received more than $100,000 in reportable compensation. Revenue rose 47% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $50MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $56MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 76.9% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 22.5% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.6% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 25.6% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 14.6% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 65.3% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $727,288 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.46% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 62 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 68.8 | 9.2 |
| Independent voting board members Part VI 1a–1b | 16 of 16 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseLending: encompasses the organization's financing of homes, schools, healthy food retail, healthcare and other projects that benefit low-wealth people and places and is the core lending function of the organization. In 2024, the organization lent $248 million across 20 states, which constructed, rehabilitated or preserved 3,061 homes, 4 health care facilities, 6 food retail and supply chain projects, 12 community facilities, two k-12 schools, and one university. Highlights include using new market tax credits to finance a campus in florida that will provide services to families experiencing…
Policy solutions: conducts policy, data analysis and social impact analyses that advance Reinvestment Fund, inc.'s mission and effect system change, on behalf of Reinvestment Fund, inc. As well as public and philanthropic clients. In 2024, an analysis in d.c. Of early childcare education supply, demand, and shortage was released, a community of practice convened in jacksonville, fl, a critical evaluation of affordable housing in philadelphia was commissioned and utilized by the city, and the first market value analysis for the city of atlanta and the atlanta metro area was released
Capacity building & capital access: uses grants and technical assistance to make access to capital more equitable for low-wealth individuals and communities, particularly in the areas of early childhood education, food and social determinants of health, and hbcus. In 2024, the organization provided over $41 million in grants and technical assistance. The organization celebrated 10 years of the fund for quality in philadelphia which is a partnership with public health management corporation and funding from the william penn foundation, and vanguard strong start for kids program
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 37.50 hrs/week | $648,910 | $0 | $78,378 | $727,288 |
| COO & CORPORATE SECRETARY Officer, 37.50 hrs/week | $489,732 | $0 | $87,305 | $577,037 |
| CHIEF CREDIT OFFICER Officer, 37.50 hrs/week | $391,195 | $0 | $91,850 | $483,045 |
| PRESIDENT, LENDING & INVES Officer, 37.50 hrs/week | $342,060 | $0 | $53,471 | $395,531 |
| SENIOR ADVISOR, POLICY SOL Highest compensated employee, 37.50 hrs/week | $290,981 | $0 | $41,896 | $332,877 |
| CHIEF FINANCIAL OFFICER Officer, 37.50 hrs/week | $270,794 | $0 | $38,939 | $309,733 |
| CC & MISSION OFFICER Key employee, 37.50 hrs/week | $278,569 | $0 | $30,419 | $308,988 |
| CHIEF PROGRAMS OFFICER Key employee, 37.50 hrs/week | $286,667 | $0 | $21,949 | $308,616 |
62 people received more than $100,000 in reportable compensation from The Reinvestment Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b16 · 16 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5119
- Volunteers Part I, line 647
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| COMPUTER DESIGN & INTEGRATION LLC It infrastructure/ consultant | $273,212 |
| ELIASSEN GROUP LLC Project manager consultant | $250,600 |
| COHN REZNICK LLP Auditing/ tax services | $241,958 |
| DIANE Z LACOSTA Operations and compliance consultant | $214,590 |
Individuals listed as contractors are left out. 12 contractors were paid more than $100,000 in all.
Private foundation grants it received
6 private foundations reported grants to The Reinvestment Fund totaling $6.0M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Reinvestment Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Reinvestment Fund, you can publish a response that is linked from this page.
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Of every $100 The Reinvestment Fund spent in 2024, $76.92 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Burning Man ProjectSan Francisco, CA · revenue $56M · programs 82.8% · 2024
- Lexington Center CorporationLexington, KY · revenue $57M · programs 99.2% · FY2025
- Operation HomefrontSan Antonio, TX · revenue $56M · programs 84.3% · 2025
- Community of HopeWashington, DC · revenue $58M · programs 85.7% · 2024
- 1803 FundPortland, OR · revenue $56M · programs 92.4% · 2025
All community improvement & capacity building charities · Largest charities in Pennsylvania
Questions people ask
How much of The Reinvestment Fund's spending goes to programs?
In calendar year 2024, The Reinvestment Fund reported that 76.9% of its $49.6 million in expenses went to program services, 22.5% to management and general and 0.6% to fundraising (Form 990, Part IX).
How much does The Reinvestment Fund pay its top executive?
The largest total compensation The Reinvestment Fund reported for one person in calendar year 2024 was $727,288, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Reinvestment Fund get its money?
Of $56.5 million in revenue in calendar year 2024, 25.6% came from contributions and grants (including 14.6% from government grants) and 65.3% from program service revenue (Form 990, Part VIII).
Is The Reinvestment Fund a registered charity?
The IRS lists EIN 23-2331946 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202542819349301004 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202432859349301633 · read the filing
- 2022: Form 990 for calendar year 2022, object 202322789349300827 · read the filing
- 2021: Form 990 for calendar year 2021, object 202202919349301065 · read the filing
- 2020: Form 990 for calendar year 2020, object 202102869349301365 · read the filing
- 2019: Form 990 for calendar year 2019, object 202032889349302063 · read the filing
All filings for EIN 23-2331946: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.