Red Eye Collaboration

Analysis

Red Eye Collaboration is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1984, 42 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Red Eye Collaboration reported income of $506k and spending of $301k, leaving 40% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $376k to $506k (+34%), an average of +6.1% a year. The sharpest change came in the year to June 2024, when income rose by 349%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Red Eye Collaboration sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Rocky Mountain Womens Film Institute Inc ($505k), Whippoorwill Arts Inc ($506k) and Green Star Movement NFP ($505k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $64k. At year end it held assets of $613k against liabilities of $120k, net assets of $493k. It reported 7 employees.