Red Oak Industries Inc

Analysis

Red Oak Industries Inc is a registered charity in United States, based in Franklin, IN. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2024, Red Oak Industries Inc reported income of $571k and spending of $580k, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $790k to $571k (-28%), an average of -6.3% a year. The sharpest change came in the year to June 2024, when income dropped by 35%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Red Oak Industries Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IN. Charities of a similar size with the same main cause include National Association for Proficiency Testing ($570k), Junior League of Chicago Inc ($571k) and The Producers Club of Maryland Inc ($570k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $81k (14% of expenses). Other salaries and wages came to $288k. At year end it held assets of $874k against liabilities of $184k, net assets of $690k. It reported 97 employees.