Red Housing Fund

Analysis

Red Housing Fund is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Housing Fund reported income of $1.6m and spending of $1.2m, leaving 24% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $6.8m to $1.6m (-77%), an average of -52% a year. The sharpest change came in the year to December 2022, when income dropped by 84%. Over the whole period it spent 26% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Red Housing Fund sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Conservative Coalition for Climate Solutions ($1.6m), Wildfire Conservancy Inc ($1.6m) and Mennonite Church Buildings Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.0% and program service revenue 21% of the total. At year end it held assets of $21.6m against liabilities of $14.6m, net assets of $7.0m.