Redeeming Love Inc
- Assets
- $6.4k
- Revenue
- $5.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Chantilly, VA
- Founding
- 05/2008
- Data as of
- 12/2021
- EIN
- 26-1175590
Organization Overview
Redeeming Love Inc is located in Chantilly, VA. The organization was established in 2008. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redeeming Love Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Redeeming Love Inc generated $5.0k in total revenue. All expenses for the organization totaled $3.8k during the year ending 12/2021. While expenses have increased by 30.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $32 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $16 |
| Other expenses | $0 |
| Total operating and administrative expenses | $331 |
| Contributions, gifts, grants paid | $3,464 |
| Total expenses and disbursements | $3,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,407 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,407 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Redeeming Love Inc has awarded $3,115 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
PRASAD ANKINEEDU PURPOSE: CHURCH CONSTRUCTION | $1,000 |
CHIGURUKOTA CHURCH PURPOSE: CHURCH REPAIR | $1,000 |
KENNETH TIMOTHY PURPOSE: TRIBAL MINISTRY CHURCH BUILDING IN TAMILNADU | $1,000 |
Desoto, TX PURPOSE: GIFT | $90 |
Colorado Springs, CO PURPOSE: GIFT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Community Ministries Inc Louisville, KY | $445,495 | $6,215,911 |
Wiseheart Foundation Memphis, TN | $10,743,867 | $6,206,349 |
Global Ministries Foundation Cordova, TN | $20,808,133 | $5,793,917 |
National Christian Charitable Foundation Inc Knoxville, TN | $13,653,760 | $2,866,277 |
Emerging Light Foundation Inc Rockville, MD | $6,271,792 | $71,704 |
Church Loan Fund Inc Cleveland, TN | $45,949,413 | $2,026,360 |
Blood Water Mission Inc Nashville, TN | $1,496,326 | $2,219,618 |
Monumental Scholars Fund Inc Washington, DC | $969,121 | $585,753 |
Lutheran Center Corporation Baltimore, MD | $6,887,945 | $824,907 |
The Jerusalem Connection Richmond, VA | $1,897,803 | $589,284 |
Hope For The World Foundation Inc Spring Hill, TN | $130,711 | $613,253 |
International Pentecostal Holiness Foundation Inc Fayetteville, NC | $17,419,729 | $720,271 |