Redwood Art Association

Analysis

Redwood Art Association is a registered charity in United States, based in Eureka, CA. It received its IRS tax-exemption ruling in July 1967, 59 years ago. 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, Redwood Art Association reported income of $160k and spending of $145k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $160k (+83%), an average of +83% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Redwood Art Association sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Hunting Park Neighborhood Advisory Committee ($160k), Fort Lauderdale Orchid Society Inc ($160k) and PTA Tennessee Congress of Parents Teachers Inc ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 72% of the total. At year end it held assets of $472k against liabilities of $111k, net assets of $361k.