Redemption Project

Analysis

Redemption Project is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Project reported income of $548k and spending of $631k, spending 115% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $215k to $548k (+155%), an average of +60% a year. The sharpest change came in the year to December 2022, when income rose by 149%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Redemption Project sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Consumer Directed Personal Assistance Assn of Nys Inc ($548k), Marion Finley Friendship House Inc ($548k) and Spring Lake Presbyterian Housing Corporation for Evergreen VLG Apts ($548k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $174k (28% of expenses). Other salaries and wages came to $108k. It paid $36k in professional fundraising fees. At year end it held assets of $214k against liabilities of $423k, net assets of -$209k. It reported 9 employees.