Red Oak Isd Education Foundation Inc

Analysis

Red Oak Isd Education Foundation Inc is a registered charity in United States, based in Red Oak, TX. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Oak Isd Education Foundation Inc reported income of $357k and spending of $331k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $357k (+99%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Red Oak Isd Education Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Clarksville Montgomery County Public Library Foundation ($357k), Munster Indiana Municipal Improvement Corporation ($357k) and Wharton County Community Foundation ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.