Redemptive Cycles Services Inc

Analysis

Redemptive Cycles Services Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Redemptive Cycles Services Inc reported income of $483k and spending of $498k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $368k to $483k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Redemptive Cycles Services Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within AL. Charities of a similar size with the same main cause include Bemidji Youth Hockey Association Inc ($483k), Girl in Cooperation Gymnastics Training Center Inc ($483k) and Goltz Park Inc ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $60k (12% of expenses). Other salaries and wages came to $158k. At year end it held assets of $181k against liabilities of $14k, net assets of $167k. It reported 6 employees.