Red Hot Organization Inc

Analysis

Red Hot Organization Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Red Hot Organization Inc reported income of $227k and spending of $360k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $416k to $227k (-45%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 95% 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 Hot Organization Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Retired Senior Volunteer Program of Carroll County ($227k), Kiwanis Club of Anacortes Wa Foundation ($227k) and Nashville Fire Fighters Association Foundation ($227k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $443k against liabilities of $0, net assets of $443k.