Red Wiggler Foundation Inc

Analysis

Red Wiggler Foundation Inc is a registered charity in United States, based in Clarksburg, MD. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Red Wiggler Foundation Inc reported income of $1.1m and spending of $900k, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $691k to $1.1m (+58%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 44%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Red Wiggler Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Shepherdstown Day Care Inc ($1.1m), Abilities Oc ($1.1m) and Hope Ignited Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $111k (12% of expenses). Other salaries and wages came to $394k. At year end it held assets of $1.0m against liabilities of $73k, net assets of $965k. It reported 27 employees.