Redemption Ministries

Analysis

Redemption Ministries is a registered charity in United States, based in Newbern, TN. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Redemption Ministries reported income of $108k and spending of $3,918, leaving 96% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $250k to $108k (-57%), an average of -34% a year. The sharpest change came in the year to December 2023, when income rose by 169%. Over the whole period it spent 15% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Redemption Ministries sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within TN. Charities of a similar size with the same main cause include Fort Wayne Bhajan Society Inc ($108k), St Raphael Center Inc ($108k) and Word on the Street Homeless Ministries Inc ($108k).

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 $385k against liabilities of $0, net assets of $385k.