Project Red Foundation

Analysis

Project Red Foundation is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Project Red Foundation reported income of $713k and spending of $888k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $597k to $713k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Project Red Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Feeding the Orphans ($712k), Mission to Haiti Inc ($713k) and Remember Niger Coalition ($712k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $99k (11% of expenses). Other salaries and wages came to $77k. At year end it held assets of $589k against liabilities of $0, net assets of $589k. It reported 2 employees.