Red Ants Pants Foundation

Analysis

Red Ants Pants Foundation is a registered charity in United States, based in WHT SPHR SPGS, MT. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Red Ants Pants Foundation reported income of $1.2m and spending of $1.3m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $790k to $1.2m (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 215%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Red Ants Pants Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within MT. Charities of a similar size with the same main cause include Regional Development Funding Corporation ($1.2m), City Thread ($1.2m) and El Rescate ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $99k (7.9% of expenses). Other salaries and wages came to $87k. At year end it held assets of $567k against liabilities of $119k, net assets of $448k. It reported 52 employees.