Resolute

Analysis

Resolute is a registered charity in United States, based in Lakeville, MN. 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, Resolute reported income of $406k and spending of $341k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $406k (+60%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Resolute sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Care Center Ministries Mississippi Inc ($406k), Guru Angad Darbar Khalsa Schoo ($407k) and Ministerios El Jordan Webster City ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $160k (47% of expenses). At year end it held assets of $313k against liabilities of $3,249, net assets of $310k. It reported 1 employees.