Redeeming Grace Ministries

Analysis

Redeeming Grace Ministries is a registered charity in United States, based in Auburn, AL. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Redeeming Grace Ministries reported income of $304k and spending of $168k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $139k to $304k (+119%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 109%. Over the whole period it spent 61% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Redeeming Grace Ministries sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within AL. Charities of a similar size with the same main cause include Lifechange Foundation Inc ($304k), Common Ground Ministries Inc ($304k) and Crosswind ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $21k (12% of expenses). Other salaries and wages came to $27k. At year end it held assets of $373k against liabilities of $2,002, net assets of $371k. It reported 6 employees.