Red Legacy Recovery

Analysis

Red Legacy Recovery is a registered charity in United States, based in Elizabethton, TN. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Red Legacy Recovery reported income of $259k and spending of $246k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $255k to $259k (+1.6%), an average of +0.8% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Red Legacy Recovery sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include Miss Ellies Education Center Inc ($259k), Essential Light Institute ($259k) and Indiana American Family Association Inc ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. Other salaries and wages came to $94k. At year end it held assets of $327k against liabilities of $9,259, net assets of $317k.