The Red Tab Foundation

Analysis

The Red Tab Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 1982, 44 years ago. Its declared purposes cover unknown, 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 May 2023, The Red Tab Foundation reported income of $3.1m and spending of $4.5m, spending 145% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.3m to $3.1m (+34%), an average of +7.5% a year. The sharpest change came in the year to May 2020, when income rose by 44%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Red Tab Foundation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Advance Colorado ($3.1m), Center for Independent Living ($3.1m) and Regional Housing & Community Services Corporation ($3.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $315k (7.0% of expenses). Other salaries and wages came to $540k. At year end it held assets of $16.2m against liabilities of $32k, net assets of $16.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.