Team Red White & Blue Inc

Analysis

Team Red White & Blue Inc is a registered charity in United States, based in Floyds Knobs, IN. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Team Red White & Blue Inc reported income of $5.4m and spending of $5.9m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $5.4m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Team Red White & Blue Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Sinsinawa Nursing Inc ($5.4m), Alternatives for the Older Adult Inc ($5.4m) and Enemy Swim Day School ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $410k (6.9% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $10.1m against liabilities of $110k, net assets of $10.0m. It reported 56 employees.