Redwood Cooperative School

Analysis

Redwood Cooperative School is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Redwood Cooperative School reported income of $2.6m and spending of $2.5m, spending 97% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $945k to $2.6m (+173%), an average of +22% a year. The sharpest change came in the year to July 2022, when income rose by 69%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Redwood Cooperative School sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within KY. Charities of a similar size with the same main cause include Blue Engine Inc ($2.6m), Flagstaff Community Christian School Inc ($2.6m) and Covenant Christian Academy of Houma Louisiana ($2.6m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 16% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $219k (8.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $6.3m against liabilities of $4.0m, net assets of $2.3m. It reported 51 employees.