Red Wine & Blue Education Fund

Analysis

Red Wine & Blue Education Fund is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Wine & Blue Education Fund reported income of $2.6m and spending of $2.8m, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.8m to $2.6m (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Red Wine & Blue Education Fund sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Craig School ($2.6m), Eskolta School Research and Design Inc ($2.6m) and Jusoor ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $1.1m against liabilities of $549k, net assets of $577k.