Red Apple School Inc

Analysis

Red Apple School Inc is a registered charity in United States, based in New PRT Rchy, FL. It received its IRS tax-exemption ruling in August 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 December 2023, Red Apple School Inc reported income of $2.2m and spending of $2.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.2m (-7.7%), an average of -2.0% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Red Apple School Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Gateway to Learning ($2.2m), The@heracles Group Inc ($2.2m) and Mobile Meals of Toledo Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $343k (15% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.6m against liabilities of $30k, net assets of $1.5m. It reported 41 employees.