Redemption House

Analysis

Redemption House is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in February 2013, 13 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, Redemption House reported income of $533k and spending of $520k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $485k to $533k (+9.8%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Redemption House sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Idaho Regular Baptist Bible Camp Inc ($532k), Kolbe Center for the Study of Creation ($533k) and The Islamic Center of Washington ($532k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $148k (29% of expenses). Other salaries and wages came to $74k. At year end it held assets of $1.3m against liabilities of $863k, net assets of $421k. It reported 4 employees.