Redeeming Love Ministries

Analysis

Redeeming Love Ministries is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Love Ministries reported income of $819k and spending of $808k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $223k to $819k (+267%), an average of +54% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 85% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Redeeming Love Ministries sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include The Venture Out Project Inc ($819k), Project MKC ($819k) and Augusta Arsenal Soccer Club Inc ($819k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $65k (8.0% of expenses). Other salaries and wages came to $18k. At year end it held assets of $428k against liabilities of $3,032, net assets of $425k. It reported 2 employees.