Redeemed Foundation

Analysis

Redeemed Foundation is a registered charity in United States, based in Fremont, MI. It received its IRS tax-exemption ruling in March 2021, 5 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, Redeemed Foundation reported income of $350k and spending of $221k, leaving 37% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $245k to $350k (+43%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Redeemed Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Howtolife Movement ($350k), Al-Amin Trust Fund ($350k) and Stronghold Ministry ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $191k against liabilities of $0, net assets of $191k.