Red Shoes Inc

Analysis

Red Shoes Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Shoes Inc reported income of $222k and spending of $199k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $335k to $222k (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Red Shoes Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within LA. Charities of a similar size with the same main cause include Debs Daycare NFP ($222k), Thankful Thursday ($222k) and Maury County Senior Citizens Inc ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 14% of the total. Other salaries and wages came to $136k. At year end it held assets of $909k against liabilities of $99k, net assets of $810k. It reported 4 employees.