Redeemed American Homes Inc

Analysis

Redeemed American Homes Inc is a registered charity in United States, based in Westland, MI. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Redeemed American Homes Inc reported income of $774k and spending of $992k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $614k to $774k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Redeemed American Homes Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Hemophilia of North Carolina ($774k), Central Coast Vineyard Team ($774k) and San Ysidro Health National City Dev Corp ($773k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $368k. At year end it held assets of $6,851 against liabilities of $203k, net assets of -$196k. It reported 24 employees.