Kinsman Redeemer Homeless Ministry

Analysis

Kinsman Redeemer Homeless Ministry is a registered charity in United States, based in Charlotte, TN. It received its IRS tax-exemption ruling in October 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 (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, Kinsman Redeemer Homeless Ministry reported income of $313k and spending of $44k, leaving 86% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $313k (+369%), an average of +369% a year. The sharpest change came in the year to December 2023, when income rose by 369%. Over the whole period it spent 22% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kinsman Redeemer Homeless Ministry sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Central Indiana Bicycling Assoc Inc ($313k), Jackson Hole International Film Festival ($313k) and The Upper Room Recovery Community Inc ($312k).

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 $338k against liabilities of $0, net assets of $338k.