Red Salmon Arts

Analysis

Red Salmon Arts is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Red Salmon Arts reported income of $235k and spending of $205k, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $288k to $235k (-18%), an average of -4.9% a year. The sharpest change came in the year to September 2020, when income rose by 58%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Red Salmon Arts 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 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Labelle Kiwanis Foundation Inc ($235k), Dream Partnership ($235k) and Rockville Presbyterian Cooperative Nursery School ($235k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $38k (18% of expenses). At year end it held assets of $65k against liabilities of $0, net assets of $65k.