Redi VI

Analysis

Redi VI is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 1990, 36 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 VI reported income of $157k and spending of $149k, spending 95% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $136k to $157k (+16%), an average of +3.7% a year. The sharpest change came in the year to March 2023, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Redi VI sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within CO. Charities of a similar size with the same main cause include Womens College Coalition Inc ($157k), Pryor Ministries Center ($157k) and Childrens Wishes & Dreams ($157k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $35k. At year end it held assets of $155k against liabilities of $284k, net assets of -$129k.