Red Eagle Soaring

Analysis

Red Eagle Soaring is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 1998, 28 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 (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 Eagle Soaring reported income of $723k and spending of $546k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $436k to $723k (+66%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Red Eagle Soaring 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 75th percentile, and in the 75th percentile within WA. Charities of a similar size with the same main cause include Colorado Film Society ($723k), Intermountain Natural History Association Inc ($724k) and Attleboro Access Cable System Inc ($723k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $101k (18% of expenses). Other salaries and wages came to $146k. At year end it held assets of $869k against liabilities of $1,989, net assets of $867k. It reported 5 employees.