Red Wing Area Seniors Inc

Analysis

Red Wing Area Seniors Inc is a registered charity in United States, based in Red Wing, MN. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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 Wing Area Seniors Inc reported income of $381k and spending of $369k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $263k to $381k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Red Wing Area Seniors Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Advocates for Reproductive Education ($381k), Birthright of Greenville Inc ($381k) and Le Sueur County Historical Society ($381k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $37k (10% of expenses). Other salaries and wages came to $121k. It paid $3,820 in professional fundraising fees. At year end it held assets of $673k against liabilities of $90k, net assets of $583k. It reported 12 employees.