Redemption House Ministry Inc

Analysis

Redemption House Ministry Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in November 1999, 27 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 House Ministry Inc reported income of $1.3m and spending of $1.0m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $451k to $1.3m (+185%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 90%. Over the whole period it spent 71% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Redemption House Ministry Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Childrens Impact Network Inc ($1.3m), Bbyo Fund for the Future Inc ($1.3m) and Missoula Interfaith Collaborative ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $79k (7.8% of expenses). Other salaries and wages came to $398k. At year end it held assets of $2.1m against liabilities of $662k, net assets of $1.4m. It reported 32 employees.