Redi V

Analysis

Redi V is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Redi V reported income of $288k and spending of $209k, leaving 27% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $234k to $288k (+23%), an average of +5.3% a year. The sharpest change came in the year to March 2023, when income rose by 21%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Redi V sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within CO. Charities of a similar size with the same main cause include Neighborgood Community Pantry ($287k), Providence Northeast Washington Hunger Coalition ($288k) and Baltimore American Indian Center Inc ($287k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 63% and program service revenue 26% of the total. Other salaries and wages came to $47k. At year end it held assets of $481k against liabilities of $482k, net assets of -$1,174.