Red White and Bundled

Analysis

Red White and Bundled is a registered charity in United States, based in Cornelius, NC. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 September 2023, Red White and Bundled reported income of $114k and spending of $104k, spending 91% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $50k to $114k (+128%), an average of +128% a year. The sharpest change came in the year to September 2023, when income rose by 128%. Over the whole period it spent 141% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Red White and Bundled sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Grandview Volunteer Fire Department Inc ($114k), Russellville Band Boosters Club Inc ($114k) and Lake Placid Child Care Committee Inc ($114k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.