Redeemer Endowment Fund

Analysis

Redeemer Endowment Fund is a registered charity in United States, based in Spokane Vly, WA. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Redeemer Endowment Fund reported income of $74k and spending of $21k, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $74k to $74k (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to December 2022, when income dropped by 211%. Over the whole period it spent 47% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Redeemer Endowment Fund sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 24th percentile within WA. Charities of a similar size with the same main cause include Western Spirit Enrichment Center Inc ($74k), Saint Ioasaf of Belgorod Land Russian Orthodox Church Inc ($74k) and Yeshivas Toras Yesharim ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $445k against liabilities of $0, net assets of $445k.