Redi III

Analysis

Redi III is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Redi III reported income of $88k and spending of $108k, spending 123% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $392k to $88k (-78%), an average of -31% a year. The sharpest change came in the year to March 2023, when income dropped by 78%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Redi III sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within CO. Charities of a similar size with the same main cause include Lodi Adopt-A-Child ($88k), Shoes for Kids ($88k) and Just for U Ministries Inc ($88k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $13k. At year end it held assets of $221k against liabilities of $0, net assets of $221k.