REDBUD FINANCIAL ALTERNATIVES INC

REDBUD FINANCIAL ALTERNATIVES INC

HAZARD, KY, US
501(c)(3)
EIN
47-2214397

REDBUD FINANCIAL ALTERNATIVES INC

HAZARD, KY, US
501(c)(3)
EIN
47-2214397

Overview

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Est.

2014

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

REDBUD FINANCIAL ALTERNATIVES INC is a nonprofit organization dedicated to providing fair and equitable loans, along with financial education and coaching, to empower individuals in achieving their financial goals. With an operating budget of $499.8K and total revenue of $210.8K for the 2024 filing year, the organization is supported by multiple funders, none of which contribute 50% or more of its revenue. More information can be found on their website at www.redbudfinancialalternatives.org.

Mission Statement

TO PROVIDE FAIR AND EQUITABLE LOANS ALONGSIDE FINANCIAL EDUCATION AND COACHING TO EMPOWER PEOPLE TO ACHIEVE THEIR FINANCIAL GOALS
Revenues

$210.8K

Expenses

$499.8K

Net Income:
-$289.1K
Assets

$2.2M

Liabilities

$1.5M

Net Assets:
+$758.1K
Operating Budget

$499.8K

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

3

Median grant size
$15K
Largest grant received
$50K
A
Amie Bedwell
Board Member
R
R Scott McReynolds
Board Member
B
Betsy Clemons
Board Member

Frequently Asked Questions

What is REDBUD FINANCIAL ALTERNATIVES INC’s budget?
In 2024, REDBUD FINANCIAL ALTERNATIVES INC reported an annual operating budget of around $500 thousand. More detailed financial information is available to registered users.
What causes does REDBUD FINANCIAL ALTERNATIVES INC support?
REDBUD FINANCIAL ALTERNATIVES INC supports work in Financial counseling.
Where does REDBUD FINANCIAL ALTERNATIVES INC operate?
REDBUD FINANCIAL ALTERNATIVES INC is headquartered in HAZARD, KY.
Who funded REDBUD FINANCIAL ALTERNATIVES INC recently?
In 2024, REDBUD FINANCIAL ALTERNATIVES INC received grants from The Chorus Inc, CBA FUND, and FOUNDATION FOR APPALACHIAN KENTUCKY INC. More information on this organization’s funders is available to registered users.
What is the largest grant REDBUD FINANCIAL ALTERNATIVES INC received in 2024?
The largest grant to REDBUD FINANCIAL ALTERNATIVES INC in 2024 exceeds $50 thousand.
Overview
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