Red Wing Ignite

Analysis

Red Wing Ignite is a registered charity in United States, based in Red Wing, MN. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Ignite reported income of $1.1m and spending of $994k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $352k to $1.1m (+221%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 101%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Red Wing Ignite sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Organization for Prostitution Survivors ($1.1m), Homeless Childrens Playtime Project Inc ($1.1m) and North Ottawa County Council on Aging ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $105k (11% of expenses). Other salaries and wages came to $352k. At year end it held assets of $699k against liabilities of $47k, net assets of $651k. It reported 7 employees.