Redwood Schools Inc

Analysis

Redwood Schools Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Redwood Schools Inc reported income of $1.6m and spending of $1.5m, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $471k to $1.6m (+230%), an average of +49% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Redwood Schools Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Hendrix-Murphy Foundation Inc ($1.6m), North American Transportation Management Inc ($1.6m) and Colby Community College Endowment Foundation ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $696k. At year end it held assets of $716k against liabilities of $376k, net assets of $339k. It reported 25 employees.