Redgen Inc

Analysis

Redgen Inc is a registered charity in United States, based in Shorewood, WI. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Redgen Inc reported income of $311k and spending of $164k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $145k to $311k (+114%), an average of +114% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 51% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Redgen Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within WI. Charities of a similar size with the same main cause include Heartworks Inc ($311k), Noble Odyssey Foundation Inc ($311k) and The Electric City Soccer Club Inc ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. Other salaries and wages came to $111k. At year end it held assets of $317k against liabilities of $4,641, net assets of $313k. It reported 4 employees.