Redemptive Faith Inc

Analysis

Redemptive Faith Inc is a registered charity in United States, based in Rockwall, TX. It received its IRS tax-exemption ruling in March 2022, 4 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, Redemptive Faith Inc reported income of $81k and spending of $74k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $81k (-5.6%), an average of -5.6% a year. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Redemptive Faith Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within TX. Charities of a similar size with the same main cause include Wayne County Farmers Market Inc ($81k), Bethany Cares Incorporated ($81k) and Hope Day Network Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.