Redwood Area Communities Foundation Inc

Analysis

Redwood Area Communities Foundation Inc is a registered charity in United States, based in Redwood Falls, MN. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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 2023, Redwood Area Communities Foundation Inc reported income of $13.8m and spending of $1.0m, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $877k to $13.8m (+1471%), an average of +99% a year. The sharpest change came in the year to December 2023, when income rose by 1176%. Over the whole period it spent 21% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Redwood Area Communities Foundation Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Minnesota Jewish Community Center ($13.8m), St Michaels Hospital ($13.8m) and Butte Home Health Inc ($13.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.7% of the total. Other salaries and wages came to $139k. At year end it held assets of $17.7m against liabilities of $129k, net assets of $17.6m. It reported 3 employees.