Redwood Gospel Missions

Analysis

Redwood Gospel Missions is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in August 1965, 61 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Redwood Gospel Missions reported income of $8.1m and spending of $8.1m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.1m to $8.1m (+32%), an average of +7.2% a year. The sharpest change came in the year to September 2020, when income rose by 87%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Redwood Gospel Missions sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Turk Street Inc ($8.1m), West Valley Community Services of Santa Clara County Inc ($8.1m) and Ikaika Ohana ($8.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $248k (3.0% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $10.6m against liabilities of $342k, net assets of $10.2m. It reported 97 employees.