Ransomed Life Inc

Analysis

Ransomed Life Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ransomed Life Inc reported income of $802k and spending of $578k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $567k to $802k (+41%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ransomed Life Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Creative Beginnings Childdevelopment Center Inc ($802k), Family & Childrens Services Inc Endowment TR ($802k) and Little Essentials ($802k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $76k (13% of expenses). Other salaries and wages came to $350k. At year end it held assets of $380k against liabilities of $1,161, net assets of $379k. It reported 9 employees.