Redeemed Foundation Inc

Analysis

Redeemed Foundation Inc is a registered charity in United States, based in Columbus, GA. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Redeemed Foundation Inc reported income of $381k and spending of $333k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $285k to $381k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Redeemed Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within GA. Charities of a similar size with the same main cause include Bountiful Blessings Inc ($381k), Down Syndrome Partnership of North Texas ($381k) and Second Day Impact Inc ($381k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $91k (27% of expenses). At year end it held assets of $166k against liabilities of $3,618, net assets of $163k. It reported 1 employees.