Reds Good Vibes Inc

Analysis

Reds Good Vibes Inc is a registered charity in United States, based in Portsmouth, NH. It received its IRS tax-exemption ruling in March 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 (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, Reds Good Vibes Inc reported income of $196k and spending of $192k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $149k to $196k (+32%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reds Good Vibes Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within NH. Charities of a similar size with the same main cause include Denver Gaels Gaa Football Club ($196k), Western Growers Foundation ($196k) and Above the Clouds Inc ($196k).

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 $22k against liabilities of $0, net assets of $22k.