Redbud Resource Group

Analysis

Redbud Resource Group is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Redbud Resource Group reported income of $568k and spending of $376k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $367k to $568k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Redbud Resource Group sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Three Generations Inc ($568k), North Carolina Arts in Action Inc ($568k) and One West 54th Street Foundation ($568k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $55k (15% of expenses). Other salaries and wages came to $178k. At year end it held assets of $443k against liabilities of $9,659, net assets of $433k. It reported 5 employees.