Redmond Foundation

Analysis

Redmond Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Redmond Foundation reported income of $89k and spending of $94k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $89k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Redmond Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include Horse Farm Workers Educational Assistance Fund Inc ($89k), Library Foundation of Buffalo and Erie County Inc ($89k) and Friends of the Upper Arlington Library ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,030 against liabilities of $0, net assets of $3,030.