Red Oak Opportunity Foundation

Analysis

Red Oak Opportunity Foundation is a registered charity in United States, based in El Cerrito, CA. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Red Oak Opportunity Foundation reported income of $102k and spending of $203k, spending 200% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $117k to $102k (-13%), an average of -13% a year. Over the whole period it spent 144% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Red Oak Opportunity Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Africa Community Aid Dba-Acaid ($102k), Ability Inc ($102k) and Mason City Chamber of Commerce Foundation ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.