Redbud Foundation Inc

Analysis

Redbud Foundation Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in April 1987, 39 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 June 2024, Redbud Foundation Inc reported income of $405k and spending of $408k, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $456k to $405k (-11%), an average of -2.4% a year. The sharpest change came in the year to June 2022, when income rose by 242%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Redbud Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within OK. Charities of a similar size with the same main cause include Fairbanks Parking Authority ($405k), Spiritual Overseers Service Internaional Corp ($405k) and Highland Academy II ($405k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $54k (13% of expenses). At year end it held assets of $319k against liabilities of $0, net assets of $319k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.