This Redeemed Life

Analysis

This Redeemed Life is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in March 2008, 18 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 2023, This Redeemed Life reported income of $174k and spending of $202k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $282k to $174k (-38%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 24%. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, This Redeemed Life sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include San Ramon Valley Education Foundation ($174k), Asian Crescent Partners ($174k) and Central Bronx Ghanaian Seventh Day Adventist Church ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $99k (49% of expenses). Other salaries and wages came to $35k. At year end it held assets of $71k against liabilities of $5,843, net assets of $65k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.