House of the Redeemer

Analysis

House of the Redeemer is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1951, 75 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, House of the Redeemer reported income of $545k and spending of $923k, spending 169% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $676k to $545k (-19%), an average of -5.3% a year. The sharpest change came in the year to August 2022, when income rose by 99%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, House of the Redeemer sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Hindu Mandir Society of San Diego Inc ($545k), For One Life ($545k) and Missioninvest USA ($545k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 23% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $110k (12% of expenses). Other salaries and wages came to $89k. At year end it held assets of $775k against liabilities of $13k, net assets of $762k. It reported 3 employees.