Redwood Area Education Foundation

Analysis

Redwood Area Education Foundation is a registered charity in United States, based in Redwood Falls, MN. It received its IRS tax-exemption ruling in December 1992, 34 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, Redwood Area Education Foundation reported income of $153k and spending of $204k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $344k to $153k (-56%), an average of -18% a year. The sharpest change came in the year to December 2022, when income rose by 167%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Redwood Area Education Foundation 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 48th percentile, and in the 45th percentile within MN. Charities of a similar size with the same main cause include Radford High School Foundation Inc ($153k), Harford Artists Association Inc ($153k) and Harper Parent Teacher Organization ($153k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $4.0m against liabilities of $237, net assets of $4.0m.