Texas Redmen Foundation Inc

Analysis

Texas Redmen Foundation Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Texas Redmen Foundation Inc reported income of $136k and spending of $211k, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $203k to $136k (-33%), an average of -9.5% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Redmen Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Bijte E Shqipes ($136k), Photographic Resource Center Inc ($136k) and Polish Festival ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $70k (33% of expenses). At year end it held assets of $3.1m against liabilities of $6,515, net assets of $3.1m. It reported 1 employees.