Red Basket Project

Analysis

Red Basket Project is a registered charity in United States, based in Dubuque, IA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Basket Project reported income of $75k and spending of $96k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $85k to $75k (-12%), an average of -12% a year. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Red Basket Project sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within IA. Charities of a similar size with the same main cause include Thrive Flint Hills Foundation ($75k), Mount Pleasant Village Inc ($75k) and Obon Society ($75k).

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 $20k against liabilities of $0, net assets of $20k.