Health Care
(E70)
IRS Verified
DX Registered
990 on File
THE GRAND RAPIDS RED PROJECT
Financial strength (30%)
89/100
Reliability (20%)
55/100
Effectiveness (25%)
73/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Mission: Improve health, reduce risk, and prevent HIV. Vision: The vision of Red Project is to provide access to the knowledge tools, information and support, that people need to protect their health, especially as it relates to HIV, hepatitis C, overdose, and substance use. We believe this is a basic human right, and envision a world in which all have access to this.
Financial Overview — FY 2024
$2.6M
Total Revenue
$2.5M
Total Expenses
$914K
Net Assets
27
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
83.3%
Fundraising Efficiency
N/A
Operating Reserve
4.33x
Liability-to-Asset
36.4%
Revenue Diversification
97.6%
Executive Compensation
$116K
Compared with Peers
FY 2024
Compared with 3,080 similar organizations
(United States, Health Care, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
83.3% | 84.8% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
13.1% | 11.6% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.6% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
4.3 mo | 9.9 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
36.4% | 13.5% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
97.6% | 91.1% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
13.7% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
13.1% | 7.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
1.5% | 2.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $2.6M | $2.5M | $914K | 83.3% | 27 |
| 2023 | $2.3M | $2.2M | $876K | 81.9% | 31 |
| 2022 | $2.3M | $2.4M | $854K | 85.7% | 37 |
| 2021 | $2.7M | $2.5M | N/A | — | 37 |
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