Redemption Outreach Services Inc

Analysis

Redemption Outreach Services Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Outreach Services Inc reported income of $248k and spending of $246k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $271k to $248k (-8.5%), an average of -2.2% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Redemption Outreach Services Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within IN. Charities of a similar size with the same main cause include Northeastern Economic Development Company of Pa CDC Inc ($247k), Ohio Energy and Advanced Manufacturing Center Inc ($248k) and Bogalusa Rebirth ($247k).

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 $55k (22% of expenses). At year end it held assets of $2,807 against liabilities of $0, net assets of $2,807.