Red Lobster Cares Inc

Analysis

Red Lobster Cares Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 May 2024, Red Lobster Cares Inc reported income of $379k and spending of $164k, leaving 57% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income fell from $463k to $379k (-18%), an average of -4.9% a year. The sharpest change came in the year to May 2021, when income dropped by 29%. Over the whole period it spent 53% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Red Lobster Cares Inc 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 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include The Hopewell Volunteer Fire Department Inc ($378k), Mountaintop Hose Company No 1 ($379k) and PD Cares Inc ($378k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 88% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.