Red Worldwide Inc

Analysis

Red Worldwide Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in May 2018, 8 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 December 2023, Red Worldwide Inc reported income of $189k and spending of $188k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $33k to $189k (+466%), an average of +138% a year. The sharpest change came in the year to December 2022, when income rose by 561%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Red Worldwide Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include San Juan County School District Foundation ($189k), C W Cline Primary School Parents and Teachers Organization ($189k) and Open Doors Partners in Education Inc ($189k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 68% of the total. At year end it held assets of $669 against liabilities of $25k, net assets of -$24k.