Redimir

Analysis

Redimir is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in May 2009, 17 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 December 2022, Redimir reported income of $879k and spending of $896k, spending 102% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $764k to $879k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Redimir sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Center for Faithjustice Inc ($878k), Keren Melamdim Dsatmar Inc ($879k) and French African Christian Educationfoundation Inc ($878k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 105% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $117k (13% of expenses). Other salaries and wages came to $328k. At year end it held assets of $1.3m against liabilities of $89, net assets of $1.3m. It reported 25 employees.