Redi Corporation

Analysis

Redi Corporation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 1979, 47 years ago. 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 March 2023, Redi Corporation reported income of $2.3m and spending of $390k, leaving 83% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $269k to $2.3m (+769%), an average of +72% a year. The sharpest change came in the year to March 2022, when income rose by 179%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Redi Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Institute for Dayanim ($2.3m), Educational Foundation of the Massachusetts Society of Certified ($2.3m) and Lourdes Foundation Inc ($2.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 94% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $50k (13% of expenses). Other salaries and wages came to $52k. At year end it held assets of $6.8m against liabilities of $3.1m, net assets of $3.7m.