Redemption Seminary Inc

Analysis

Redemption Seminary Inc is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Seminary Inc reported income of $607k and spending of $520k, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $378k to $607k (+60%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Redemption Seminary Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 70th percentile within AZ. Charities of a similar size with the same main cause include Community of Hope Ministries ($607k), Waukee Parent-Teacher Organization ($607k) and Jump Preschool Inc ($607k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $289k (56% of expenses). Other salaries and wages came to $49k. At year end it held assets of $385k against liabilities of $256k, net assets of $129k. It reported 3 employees.