Springs of Redemption

Analysis

Springs of Redemption is a registered charity in United States, based in Fallon, NV. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Springs of Redemption reported income of $158k and spending of $136k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $158k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Springs of Redemption sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within NV. Charities of a similar size with the same main cause include South Florida Hospital Research & Education Foundation Inc ($158k), Kbstrong-Fighting the Fight NFP ($158k) and Reflection House Inc ($158k).

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 $27k against liabilities of $9,046, net assets of $18k.