The Grand Rapids Red Project

Analysis

The Grand Rapids Red Project is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, The Grand Rapids Red Project reported income of $2.3m and spending of $2.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.3m (+58%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Grand Rapids Red Project sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Alzheimers Family Services Inc ($2.3m), Howard County Home Health and Hospice ($2.3m) and Stasis Foundation ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $114k (5.1% of expenses). Other salaries and wages came to $942k. At year end it held assets of $1.0m against liabilities of $157k, net assets of $876k. It reported 31 employees.