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Default Adding a Custom Column based on an existing Column (EXPERT)

I need to add a new column based on an existing column of data.

The existing data is in the format below:

ID67
ID6802
ID6802
ID61
IA91
IA92
BMID75
BMID25

Each one of the data points will be grouped into different categories like
below,

ID67 = Red
ID6802 = Orange
ID6802 = Orange
ID61 = Pink
IA91 = Brown
IA92 = Brown
BMID75 = Black
BMID25 = Black

I would manually do it but there are a couple thousand rows. Also there are
about 400 different types of data ("IA91") that have an associated group
("Brown").

Can someone give me a formula for this that can be applied to multiple
spreadshirts once the association is established?
 
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