Redbanks Colonial Terrace

Analysis

Redbanks Colonial Terrace is a registered charity in United States, based in Sebree, KY. It received its IRS tax-exemption ruling in April 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Redbanks Colonial Terrace reported income of $6.9m and spending of $6.1m, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.9m to $6.9m (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2024, when income rose by 48%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Redbanks Colonial Terrace sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within KY. Charities of a similar size with the same main cause include Totally Linking Care in Maryland Inc ($6.9m), Mobile Medical Care Inc ($6.9m) and TPC Inc ($6.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $17k (0.3% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $6.8m against liabilities of $7.9m, net assets of -$1.1m. It reported 124 employees.