Pennsylvania · Nonprofit
THE REINVESTMENT FUND INC
THE REINVESTMENT FUND INC (Pennsylvania) receives grants from 30 organizations whose IRS filings report $71,091,468 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($20,741,668). 18 of them have funded it in more than one year.
- Revenue FY2024
- $56M
- Funders on record
- 30
- Grants received
- $71M
- Net assets
- $285M
What The Reinvestment Fund Inc does
Mission
The reinvestment fund, inc. Creates opportunity for underserved people and places through partnerships. It marshals the capital, analytics, and expertise necessary to build strong, healthy, and more equitable communities.
As stated on its FY2024 Form 990.
Programs
Lending: 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 homelessness, a revitalizing investment in the hbcu wilberforce university, and a partnership with an experienced developer of community based solar projects across the country.
$19,837,719 spent$34,372,308 earned by the program52% of program spendingPolicy 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.
$2,600,744 spent$1,513,018 earned by the program7% of program spendingCapacity 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.
$15,178,947 spentof which $10,125,106 as grants$606,981 earned by the program40% of program spendingSustainable development fund ("sdf"): represents an energy-related fund that uses loans, investments and grants to augment the organization's existing energy conservation and community investing efforts. Sdf was created by the parties to the peco energy company ("peco energy") restructuring and approved by the pennsylvania public utility commission ("puc") in may 1998.
$567,527 spentof which $275,000 as grants$355,201 earned by the program1% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $38,184,937.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $465M to $583M (+25%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 0% · 2018 16% · 2019 3% · 2020 7% · 2021 13% · 2022 24% · 2023 25% · 2024 15%. Grants only. Government contracts and fees sit inside program revenue.
26% of THE REINVESTMENT FUND INC’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Donald Hinkle-Brown
President & CEO
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 4 funders to 10 funders, grant income rose $5.1M → $11M.
7 of 30 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 36% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of THE REINVESTMENT FUND INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE REINVESTMENT FUND INC leans on a few funders — its largest provides 29% of grant income and the top three 73%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
49% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE REINVESTMENT FUND INC.
Largest funder’s share by year: 2017 97% · 2018 95% · 2019 83% · 2020 63% · 2021 75% · 2022 45% · 2023 33% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
24% of THE REINVESTMENT FUND INC's funders are still giving 3 years after their first grant; 60% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
THE REINVESTMENT FUND INC draws 62% of its grant income from funders outside Pennsylvania, across 9 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $25M arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE REINVESTMENT FUND INC holds deeper cash reserves than three-quarters of the 659 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 659 community improvement nonprofits $10M–$100M, FY2024
Government funding THE REINVESTMENT FUND INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $217.8M on record — $214.5M federal, $3.3M state.
- Department of Agriculture$178.2M
- Department of the Treasury$35.3M
- Institute of Museum and Library Services$967k
- NJ$3.3M
- FL$312
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like THE REINVESTMENT FUND INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Pennsylvania
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
77% of spending goes to programs.
Governance
Public support
75%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 5 states
Part of a family of 43 related entities
- Trf Education Funding LLC · disregarded
- Trf Nmtc Fund LLC · disregarded
- Rf Clean Energy Fund I LLC · disregarded
- Reinvestment I LLC · disregarded
- Reinvestment III LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for THE REINVESTMENT FUND INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE REINVESTMENT FUND INC?
- THE REINVESTMENT FUND INC (Pennsylvania) receives grants from 30 organizations whose IRS filings report $71,091,468 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($20,741,668). 18 of them have funded it in more than one year.
- How many funders does THE REINVESTMENT FUND INC have?
- IRS filings report 30 organizations giving $71,091,468 in grants to THE REINVESTMENT FUND INC, 18 of which have funded it in more than one year.
- Who is the largest funder of THE REINVESTMENT FUND INC?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $20,741,668 in grants. The full list of funders is on this page.
- How can an organization like THE REINVESTMENT FUND INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Pennsylvania. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 30 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing