Redeemer Center for Life Inc

Analysis

Redeemer Center for Life Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1999, 27 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 2022, Redeemer Center for Life Inc reported income of $487k and spending of $776k, spending 159% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $991k to $487k (-51%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 55%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Redeemer Center for Life 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 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Ashe Developmental Day School Inc ($487k), Step by Step Inc ($487k) and Peer Empowerment Network a Nonprofit Corporation ($487k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 42% of the total. Other salaries and wages came to $278k. At year end it held assets of $1.8m against liabilities of $405k, net assets of $1.4m. It reported 17 employees.