Redeemer Village I

Analysis

Redeemer Village I is a registered charity in United States, based in Huntindon Valley, PA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Redeemer Village I reported income of $633k and spending of -$20k, leaving 103% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.6m to $633k (-61%), an average of -21% a year. The sharpest change came in the year to September 2022, when income rose by 777%. Over the whole period it spent 25% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Redeemer Village I sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Cardinal Homes Inc ($633k), Telacu Housing Baldwin Park Inc ($633k) and Montana Pioneer Manor ($633k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 22% of the total. At year end it held assets of $12.7m against liabilities of $492k, net assets of $12.2m. It reported 10 employees.