Red Sneakers for Oakley Inc

Analysis

Red Sneakers for Oakley Inc is a registered charity in United States, based in West Palm Beach, FL. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 Sneakers for Oakley Inc reported income of $397k and spending of $327k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $245k to $397k (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Red Sneakers for Oakley Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Holland Foundation for Sight Restoration Inc ($397k), Live Free Autonomy Collective ($397k) and New York State Rheumatology Society Inc ($397k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 124% of the total. Other salaries and wages came to $132k. It paid $17k in professional fundraising fees. At year end it held assets of $399k against liabilities of $8,189, net assets of $391k. It reported 5 employees.