Scarlet Rope Project

Analysis

Scarlet Rope Project is a registered charity in United States, based in Jackson, TN. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Scarlet Rope Project reported income of $464k and spending of $428k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $181k to $464k (+156%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Scarlet Rope Project sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within TN. Charities of a similar size with the same main cause include Meals on Wheels of Ridgefield ($464k), A Mothers Rest Charitable Respite Foundation ($464k) and Rockford Day Nursery ($464k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $54k (13% of expenses). Other salaries and wages came to $201k. At year end it held assets of $949k against liabilities of $434k, net assets of $515k. It reported 12 employees.