Red Earth Inc

Analysis

Red Earth Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in January 1982, 44 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Red Earth Inc reported income of $285k and spending of $270k, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $306k to $285k (-6.8%), an average of -1.7% a year. The sharpest change came in the year to August 2021, when income rose by 53%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Red Earth Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within OK. Charities of a similar size with the same main cause include Athens County Historical Society & Museum Inc ($285k), Alabama Conference of Black Mayors ($285k) and Community Youth Orchestra of Bucks County ($285k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 70% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $42k (16% of expenses). Other salaries and wages came to $60k. At year end it held assets of $948k against liabilities of $59k, net assets of $888k. It reported 7 employees.