Ransom Solutions Inc

Analysis

Ransom Solutions Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Ransom Solutions Inc reported income of $977k and spending of $976k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $284k to $977k (+244%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 101% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Ransom Solutions Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within AL. Charities of a similar size with the same main cause include Exeter Township Volunteer Fire Department ($976k), Egypt Fire Association Inc ($977k) and Raystown Ambulance Service ($975k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $73k (7.5% of expenses). Other salaries and wages came to $482k. At year end it held assets of $498k against liabilities of $479k, net assets of $19k. It reported 71 employees.