Redlands Optimist Club Foundation Inc

Analysis

Redlands Optimist Club Foundation Inc is a registered charity in United States, based in Redlands, CA. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Redlands Optimist Club Foundation Inc reported income of $186k and spending of $93k, leaving 50% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income grew from $59k to $186k (+216%), an average of +78% a year. The sharpest change came in the year to September 2022, when income rose by 174%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Redlands Optimist Club Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Haines Economic Development Corporation ($186k), Washington Business Alliance Fund ($186k) and Fuel Foundation ($186k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $526k against liabilities of $0, net assets of $526k.