Redeemer Lutheran Church Foundation of Seymour Indiana Inc

Analysis

Redeemer Lutheran Church Foundation of Seymour Indiana Inc is a registered charity in United States, based in Seymour, IN. It received its IRS tax-exemption ruling in November 1982, 44 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Redeemer Lutheran Church Foundation of Seymour Indiana Inc reported income of $824k and spending of $62k, leaving 92% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $27k to $824k (+2898%), an average of +134% a year. The sharpest change came in the year to December 2023, when income rose by 430%. Over the whole period it spent 19% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Redeemer Lutheran Church Foundation of Seymour Indiana Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Society of Plastics Engineers ($824k), Barrington Ambulance Association in ($824k) and Community Dining Room Inc ($824k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.