Redemption Works International Inc

Analysis

Redemption Works International Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Redemption Works International Inc reported income of $187k and spending of $219k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $243k to $187k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Redemption Works International Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Cape Verdean Association in New Bedford Inc ($187k), Monroe-Woodbury Devilfish Aquatics Inc ($187k) and Smithfield Girls Softball League ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $81k (37% of expenses). At year end it held assets of $116k against liabilities of $3,304, net assets of $113k. It reported 1 employees.