Red Rabbit Enterprises

Analysis

Red Rabbit Enterprises is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Red Rabbit Enterprises reported income of $96k and spending of $91k, spending 95% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $5,630 to $96k (+1605%), an average of +313% a year. The sharpest change came in the year to June 2023, when income rose by 1195%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Red Rabbit Enterprises sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Pacific Community Services Inc ($96k), Society of Saint Vincent de Paul Holy Spirit Conference ($96k) and Mha Fairfield Commons I Inc ($96k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $25k (27% of expenses). At year end it held assets of $96k against liabilities of $75k, net assets of $21k.