Center for Redemptive Education Inc

Analysis

Center for Redemptive Education Inc is a registered charity in United States, based in Annandale, VA. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Center for Redemptive Education Inc reported income of $501k and spending of $527k, spending 105% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $350k to $501k (+43%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Redemptive Education Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Forge Academy ($501k), Grace Place Learning Center ($501k) and Community & Technical College Foundation of Ashland Inc ($500k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $88k (17% of expenses). Other salaries and wages came to $252k. At year end it held assets of $41k against liabilities of $5,208, net assets of $36k. It reported 16 employees.