Red White and Boom Inc

Analysis

Red White and Boom Inc is a registered charity in United States, based in Bexley, OH. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Red White and Boom Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $951k to $1.1m (+12%), an average of +2.9% a year. The sharpest change came in the year to September 2022, when income rose by 423%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Red White and Boom Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Kendallville Day Care Center Inc ($1.1m), Communities Overcoming Violent Encounters Inc ($1.1m) and Chester County Connect Care ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 2.8% of the total. At year end it held assets of $82k against liabilities of $347k, net assets of -$265k.