The Red & Black Publishing Company Inc

Analysis

The Red & Black Publishing Company Inc is a registered charity in United States, based in Athens, GA. It received its IRS tax-exemption ruling in August 1981, 45 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Red & Black Publishing Company Inc reported income of $786k and spending of $1.2m, spending 155% of what it took in. Across the 6 years on record, from May 2019 to December 2023, income grew from $680k to $786k (+16%), an average of +3.0% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 132% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Red & Black Publishing Company Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within GA. Charities of a similar size with the same main cause include The Street Trust Community Fund ($786k), Ouachita Grand Plaza Inc ($786k) and Boy Scouts of America ($785k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $104k (8.5% of expenses). Other salaries and wages came to $445k. At year end it held assets of $3.6m against liabilities of $93k, net assets of $3.5m. It reported 103 employees.

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.