Redemption Baptist Ministries Inc

Analysis

Redemption Baptist Ministries Inc is a registered charity in United States, based in Sharpsburg, GA. It received its IRS tax-exemption ruling in July 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, Redemption Baptist Ministries Inc reported income of $107k and spending of $93k, spending 86% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $239k to $107k (-55%), an average of -33% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Redemption Baptist Ministries Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within GA. Charities of a similar size with the same main cause include Gods Shepherds Outreach Ministry ($107k), Mountain of Hope Apostolic ($107k) and Get Real Ministries ($107k).

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 $9,997 against liabilities of $1,260, net assets of $8,737.