Redeemed Ministries Inc

Analysis

Redeemed Ministries Inc is a registered charity in United States, based in Rochester, IN. It received its IRS tax-exemption ruling in March 2022, 4 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, Redeemed Ministries Inc reported income of $194k and spending of $211k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $121k to $194k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 116% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Redeemed Ministries Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within IN. Charities of a similar size with the same main cause include Shine School Partnership ($194k), Watlao Thammajadi Buddhist Temple ($194k) and Mercygift ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,132 against liabilities of $0, net assets of $5,132.