Red Top Inc

Analysis

Red Top Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1976, 50 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Red Top Inc reported income of $476k and spending of $614k, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $435k to $476k (+9.6%), an average of +2.3% a year. The sharpest change came in the year to June 2023, when income rose by 94%. Over the whole period it spent 157% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Red Top 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 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Bloom Center for Art and Integrated Therapies LLC ($476k), Families Helping Families of Northeast Louisiana ($476k) and Second Mile Center ($476k).

Other salaries and wages came to $44k. At year end it held assets of $4.8m against liabilities of $858k, net assets of $3.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.