Redlee Charities Inc

Analysis

Redlee Charities Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Redlee Charities Inc reported income of $59k and spending of $59k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1 to $59k (+5860500%), an average of +5860500% a year. The sharpest change came in the year to December 2023, when income rose by 5860500%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Redlee Charities Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include Lawrence County Industrial Development Council ($59k), Italian American Executives of Transportation ($59k) and National Society of the Daughters of the American Revolution ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.8% of the total. At year end it held assets of $524 against liabilities of $0, net assets of $524.