Redemption Earned Inc

Analysis

Redemption Earned Inc is a registered charity in United States, based in Hoover, AL. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Redemption Earned Inc reported income of $483k and spending of $258k, leaving 47% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $196k to $483k (+147%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 118%. Over the whole period it spent 64% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Redemption Earned Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within AL. Charities of a similar size with the same main cause include Wisconsin Badger State Sheriffs Association ($483k), Sexual Assault Support Center Inc ($483k) and Omowale Project Inc ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $185k. At year end it held assets of $329k against liabilities of $4,954, net assets of $324k. It reported 7 employees.