Redemption Bridge

Analysis

Redemption Bridge is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in August 2012, 14 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, Redemption Bridge reported income of $895k and spending of $704k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $190k to $895k (+371%), an average of +371% a year. The sharpest change came in the year to December 2023, when income rose by 371%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Redemption Bridge 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 Bikvei Hatzon Inc ($895k), Houston Durga Bari Society ($896k) and Empty Bowl Inc ($894k).

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 $60k (8.6% of expenses). Other salaries and wages came to $259k. At year end it held assets of $372k against liabilities of $98k, net assets of $273k. It reported 11 employees.