Red Cedar Corp

Analysis

Red Cedar Corp is a registered charity in United States, based in Eagle MTN, UT. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Red Cedar Corp reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $1.8m (-47%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 151%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Red Cedar Corp sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within UT. Charities of a similar size with the same main cause include Angels Unaware Inc ($1.8m), A Home Base for Transitioning Foster Youth Inc ($1.8m) and Ellas Foundation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $12k (0.7% of expenses). At year end it held assets of $9.8m against liabilities of $4,418, net assets of $9.8m.