Holy Redeemer Parish Foundation

Analysis

Holy Redeemer Parish Foundation is a registered charity in United States, based in Marshall, MN. It received its IRS tax-exemption ruling in August 1984, 42 years ago. 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 June 2024, Holy Redeemer Parish Foundation reported income of $371k and spending of $269k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $103k to $371k (+259%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 209%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Redeemer Parish Foundation 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 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Frankford Public Library Ltd ($371k), Springs of Life Foundation ($371k) and Supporting Older Adults Through Resources Inc ($371k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 40% of the total. At year end it held assets of $4.7m against liabilities of $0, net assets of $4.7m.