Redemption Housing Inc

Analysis

Redemption Housing Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Redemption Housing Inc reported income of $92k and spending of $114k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $92k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Redemption Housing Inc sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within PA. Charities of a similar size with the same main cause include Ivan V Fosheim House Foundation ($92k), Appletree Housing Inc ($92k) and St Mary Conference ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. At year end it held assets of $328k against liabilities of $178k, net assets of $150k.