Redeemers Learning Center

Analysis

Redeemers Learning Center is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in February 2017, 9 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, Redeemers Learning Center reported income of $1.3m and spending of $1.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $395k to $1.3m (+225%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 116%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Redeemers Learning Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Scarsdale Edgemont Family Counseling Service ($1.3m), Ryan Foundation Inc ($1.3m) and Sierra Quest Human Services Foundation Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $75k (5.9% of expenses). Other salaries and wages came to $196k. At year end it held assets of $1.4m against liabilities of $755k, net assets of $657k. It reported 10 employees.