Redm Inc

Analysis

Redm Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 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, Redm Inc reported income of $286k and spending of $245k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $286k (+200%), an average of +200% a year. The sharpest change came in the year to December 2023, when income rose by 200%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Redm Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Villages Honor Flight Inc ($286k), United Churches Assistance Network Inc ($286k) and Rezilientkidz ($286k).

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 $81k against liabilities of $0, net assets of $81k.