Red Tomato

Analysis

Red Tomato is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Red Tomato reported income of $782k and spending of $945k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $935k to $782k (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Red Tomato sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within RI. Charities of a similar size with the same main cause include Dwelling Place Learning Academy ($782k), Columbia Law Review Association Inc ($782k) and LHC Ministries Inc ($782k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $165k (17% of expenses). Other salaries and wages came to $314k. At year end it held assets of $1.0m against liabilities of $267k, net assets of $747k. It reported 7 employees.