The Grove at Red Oak Lake Inc

Analysis

The Grove at Red Oak Lake Inc is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in December 2024, 2 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2020, The Grove at Red Oak Lake Inc reported income of $598k and spending of $761k, spending 127% of what it took in. Across the 3 years on record, from December 2018 to December 2020, income fell from $1.2m to $598k (-51%), an average of -30% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Grove at Red Oak Lake Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include CC United Water Polo Inc ($598k), 4city Community Sports Leagues ($598k) and Sangamon County Fair and Agriculture Association ($598k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 70% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $150k (20% of expenses). Other salaries and wages came to $144k. At year end it held assets of $2.4m against liabilities of $359k, net assets of $2.1m. It reported 51 employees.