Redwood City Improvement Association

Analysis

Redwood City Improvement Association is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 November 2023, Redwood City Improvement Association reported income of $827k and spending of $959k, spending 116% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income fell from $923k to $827k (-10%), an average of -2.7% a year. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Redwood City Improvement Association sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Kauluakalana ($826k), Abilities Unlimited of Magnolia Ark Inc ($827k) and Fortworth Medtech Center Inc ($826k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $473k against liabilities of $0, net assets of $473k.