Redeeming Life Outreach Ministries Inc

Analysis

Redeeming Life Outreach Ministries Inc is a registered charity in United States, based in Sanford, FL. It received its IRS tax-exemption ruling in February 2014, 12 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, Redeeming Life Outreach Ministries Inc reported income of $965k and spending of $601k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $301k to $965k (+220%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 126%. Over the whole period it spent 65% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Redeeming Life Outreach Ministries Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include India Heritage Foundation Boston ($965k), Fairest Love Shrine ($965k) and Son Set Ministries Inc ($965k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $352k. At year end it held assets of $1.9m against liabilities of $344k, net assets of $1.6m. It reported 7 employees.