Redwood Credit Union Community Fund Inc

Analysis

Redwood Credit Union Community Fund Inc is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Redwood Credit Union Community Fund Inc reported income of $361k and spending of $814k, spending 226% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $361k (-77%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 71%. Over the whole period it spent 43% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Redwood Credit Union Community Fund Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Jonathans Landing Cares Inc ($361k), Open Source Vision Foundation ($361k) and Avenues for Autism ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $8.8m against liabilities of $99k, net assets of $8.7m.