Red Wing Ignite
EIN: 461469707 · Red Wing, MN · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $994K |
| Net Assets | $651K |
Is Red Wing Ignite Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Red Wing Ignite
Red Wing Ignite (EIN: 461469707) is a nonprofit organization based in Red Wing, MN, classified under NTEE code P20. The organization reported total revenue of $1.3M and total assets of $709K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Red Wing Ignite's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Red Wing Ignite is a mid-size nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 21.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $994K |
| Surplus / Deficit | +$136K |
| Total Assets | $699K |
| Total Liabilities | $47K |
| Net Assets | $651K |
| Operating Margin | 12.0% |
| Debt-to-Asset Ratio | 6.8% |
| Months of Reserves | 8.4 months |
Financial Health Grade: A
In 2023, Red Wing Ignite reported a surplus of $136K with revenue exceeding expenses, holds 8.4 months of operating reserves (strong position), has a debt-to-asset ratio of 6.8% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Red Wing Ignite's revenue has grown at a compound annual growth rate (CAGR) of 21.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.2% | +18.2% | +24.2% |
| 2022 | +101.5% | +51.6% | +416.0% |
| 2021 | +14.0% | +9.8% | +9.1% |
| 2020 | +41.4% | +75.2% | -5.6% |
| 2019 | +69.2% | +48.7% | +172.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Red Wing Ignite has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Red Wing Ignite with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $136K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.8%.
Frequently Asked Questions about Red Wing Ignite
Is Red Wing Ignite a legitimate charity?
Based on AI analysis of IRS 990 filings, Red Wing Ignite (EIN: 461469707) insufficient data. 0 red flags identified, 0 strengths noted.
How does Red Wing Ignite spend its money?
Detailed spending breakdown data is not yet available for Red Wing Ignite. Check back for updated IRS 990 analysis.
Are donations to Red Wing Ignite tax-deductible?
Red Wing Ignite is registered as a tax-exempt nonprofit (EIN: 461469707). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Red Wing Ignite located?
Red Wing Ignite is headquartered in Red Wing, Minnesota and files with the IRS under EIN 461469707. It is classified under NTEE code P20.
How many years of IRS 990 filings does Red Wing Ignite have?
Red Wing Ignite has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
Filing History
IRS 990 filing history for Red Wing Ignite showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Red Wing Ignite's revenue has grown by 581%, moving from $166K to $1.1M. Total assets increased by 1563.3% over the same period, from $42K to $699K. Total functional expenses rose by 693.7%, from $125K to $994K. In its most recent filing year (2023), Red Wing Ignite reported a surplus of $136K, with revenue exceeding expenses. The organization holds $47K in liabilities against $699K in assets (debt-to-asset ratio: 6.8%), resulting in net assets of $651K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $994K | $699K | $47K | — | — |
| 2022 | $1.1M | $841K | $562K | $49K | — | View 990 |
| 2021 | $568K | $554K | $109K | $2K | — | View 990 |
| 2020 | $498K | $505K | $100K | $6K | — | View 990 |
| 2019 | $352K | $288K | $106K | $4K | — | View 990 |
| 2018 | $208K | $194K | $39K | $1K | — | View 990 |
| 2017 | $90K | $109K | $25K | $2K | — | View 990 |
| 2016 | $92K | $129K | $43K | $834 | — | View 990 |
| 2015 | $149K | $103K | $79K | $607 | — | View 990 |
| 2014 | $94K | $103K | $34K | $2K | — | View 990 |
| 2013 | $166K | $125K | $42K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $994K, and assets of $699K (revenue -1.2% year-over-year).
- 2022: Revenue of $1.1M, expenses of $841K, and assets of $562K (revenue +101.5% year-over-year).
- 2021: Revenue of $568K, expenses of $554K, and assets of $109K (revenue +14.0% year-over-year).
- 2020: Revenue of $498K, expenses of $505K, and assets of $100K (revenue +41.4% year-over-year).
- 2019: Revenue of $352K, expenses of $288K, and assets of $106K (revenue +69.2% year-over-year).
- 2018: Revenue of $208K, expenses of $194K, and assets of $39K (revenue +131.0% year-over-year).
- 2017: Revenue of $90K, expenses of $109K, and assets of $25K (revenue -2.2% year-over-year).
- 2016: Revenue of $92K, expenses of $129K, and assets of $43K (revenue -38.2% year-over-year).
- 2015: Revenue of $149K, expenses of $103K, and assets of $79K (revenue +58.2% year-over-year).
- 2014: Revenue of $94K, expenses of $103K, and assets of $34K (revenue -43.3% year-over-year).
- 2013: Revenue of $166K, expenses of $125K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Red Wing Ignite:
Data Sources and Methodology
This transparency report for Red Wing Ignite is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.