The Redoubt Corporation

Analysis

The Redoubt Corporation is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in December 1983, 43 years ago. 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, The Redoubt Corporation reported income of $254k and spending of $241k, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $282k to $254k (-9.9%), an average of -2.1% a year. The sharpest change came in the year to December 2020, when income dropped by 68%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Redoubt Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within TN. Charities of a similar size with the same main cause include Memorial Park Association ($254k), Highland Community Library ($254k) and Pop Warner Little Scholars Inc ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. At year end it held assets of $107k against liabilities of $1,737, net assets of $105k.