The Red Bank and Soddy-daisy Charitable Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
The Red Bank and Soddy-daisy Charitable Foundation Inc is a 501(c)(3) organization based in Chattanooga, Tennessee, registered in 1976, with $43,070 in FY2024 revenue. CharityIndex grades it D.
1200 Market St, Chattanooga, TN, 37402 EIN 62-0959331 Since 1976
Revenue (FY2024)
$43K
▼ 36.2% vs prior year
Expenses (FY2024)
$56K
Net assets
$778K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for The Red Bank and Soddy-daisy Charitable Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating167 mo reserves · -30% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Red Bank and Soddy-daisy Charitable Foundation Inc: 167 mo reserves · -30% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for The Red Bank and Soddy-daisy Charitable Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Red Bank and Soddy-daisy Charitable Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1200 Market St, Chattanooga, TN, 37402
- City
- Chattanooga
- State
- Tennessee
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $14K (FY2013) to $43K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1,345Net assets $778K
Operating margin
-29.8%
Spent more than it raised in the latest fiscal year.
Total assets
$779K
Total liabilities
$1,345
Net assets
$778K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $43,070▼36.2% | $55,900▼5.2% | $777,699▼1.6% | $779,044▼1.5% | 990PF |
| 2023 | $67,521▲426% | $58,994▼0.7% | $790,529▲1.1% | $790,529▲1.1% | 990PF |
| 2022 | $12,828▼49.9% | $59,413▲6.9% | $782,002▼5.6% | $782,002▼5.8% | 990PF |
| 2021 | $25,613▼52.5% | $55,570▼9.4% | $828,587▼3.5% | $829,937▼3.3% | 990PF |
| 2020 | $53,906▼3.1% | $61,332▲6.1% | $858,544▼0.9% | $858,544▼0.9% | 990PF |
| 2019 | $55,626▲67.8% | $57,804▼0.8% | $865,970▼0.3% | $865,970▼0.4% | 990PF |
| 2018 | $33,144▲15.5% | $58,281▼5.2% | $868,148▼2.8% | $869,218▼2.7% | 990PF |
| 2017 | $28,691▼6.6% | $61,461▲7.3% | $893,285▼3.5% | $893,285▼3.5% | 990PF |
| 2016 | $30,718▲97.2% | $57,306▼10.6% | $926,055▼2.8% | $926,055▼2.8% | 990PF |
| 2015 | $15,579▲6.7% | $64,091▲6.3% | $952,643▼4.5% | $952,643▼4.5% | 990PF |
| 2014 | $14,600▲4.9% | $60,269▼10.1% | $998,021▼4.4% | $998,021▼4.4% | 990PF |
| 2013 | $13,921 | $67,031▲4.6% | $1,043,690▼4.8% | $1,043,690▼4.8% | 990PF |
| 2012 | — | $64,080 | $1,096,800 | $1,096,800 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is The Red Bank and Soddy-daisy Charitable Foundation Inc a legitimate nonprofit?
- Yes. The Red Bank and Soddy-daisy Charitable Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 62-0959331, based in Chattanooga, Tennessee. Donations are tax-deductible.
- What is The Red Bank and Soddy-daisy Charitable Foundation Inc's EIN?
- The Red Bank and Soddy-daisy Charitable Foundation Inc's Employer Identification Number (EIN) is 62-0959331.
- How much revenue does The Red Bank and Soddy-daisy Charitable Foundation Inc report?
- The Red Bank and Soddy-daisy Charitable Foundation Inc reported $43,070 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does The Red Bank and Soddy-daisy Charitable Foundation Inc have?
- CharityIndex grades The Red Bank and Soddy-daisy Charitable Foundation Inc D, based on financial health (reserves and operating margin).
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Data for The Red Bank and Soddy-daisy Charitable Foundation Inc (EIN 62-0959331) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.