Redemptive Cycles Services Inc
EIN: 463471015 · Birmingham, AL · NTEE: N30
| Metric | Value |
|---|---|
| Total Revenue | $432K |
| Total Expenses | $498K |
| Net Assets | $167K |
Is Redemptive Cycles Services Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Redemptive Cycles Services Inc
Redemptive Cycles Services Inc (EIN: 463471015) is a nonprofit organization based in Birmingham, AL, classified under NTEE code N30. The organization reported total revenue of $432K and total assets of $119K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Redemptive Cycles Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Redemptive Cycles Services Inc is a small nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 17.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $483K |
| Total Expenses | $498K |
| Surplus / Deficit | $-15,193 |
| Total Assets | $181K |
| Total Liabilities | $14K |
| Net Assets | $167K |
| Operating Margin | -3.1% |
| Debt-to-Asset Ratio | 7.7% |
| Months of Reserves | 4.3 months |
Financial Health Grade: B
In 2023, Redemptive Cycles Services Inc reported a deficit of $15K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 7.7% (very low leverage).
Financial Trends
Over 8 years of filings (2015–2023), Redemptive Cycles Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.6% | +5.3% | -3.5% |
| 2022 | -5.8% | +16.3% | -8.2% |
| 2021 | +14.0% | +21.2% | +32.8% |
| 2020 | +15.8% | -12.2% | +314.4% |
| 2019 | +95.0% | +99.9% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Redemptive Cycles Services Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Redemptive Cycles Services Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.7%.
Frequently Asked Questions about Redemptive Cycles Services Inc
Is Redemptive Cycles Services Inc a legitimate charity?
Redemptive Cycles Services Inc (EIN: 463471015) is a registered tax-exempt nonprofit based in Alabama. It has 8 years of IRS 990 filings on record. Total revenue: $432K. No red flags identified. Financial health grade: B.
How does Redemptive Cycles Services Inc spend its money?
Redemptive Cycles Services Inc reported $432K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Redemptive Cycles Services Inc tax-deductible?
Redemptive Cycles Services Inc is registered as a tax-exempt nonprofit (EIN: 463471015). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Redemptive Cycles Services Inc located?
Redemptive Cycles Services Inc is headquartered in Birmingham, Alabama and files with the IRS under EIN 463471015. It is classified under NTEE code N30.
How many years of IRS 990 filings does Redemptive Cycles Services Inc have?
Redemptive Cycles Services Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $432K in total revenue.
Filing History
IRS 990 filing history for Redemptive Cycles Services Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2015–2023), Redemptive Cycles Services Inc's revenue has grown by 256.3%, moving from $136K to $483K. Total assets increased by 356.2% over the same period, from $40K to $181K. Total functional expenses rose by 315.2%, from $120K to $498K. In its most recent filing year (2023), Redemptive Cycles Services Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $14K in liabilities against $181K in assets (debt-to-asset ratio: 7.7%), resulting in net assets of $167K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $483K | $498K | $181K | $14K | — | — |
| 2022 | $457K | $473K | $187K | $5K | — | — |
| 2021 | $486K | $407K | $204K | $6K | — | View 990 |
| 2020 | $426K | $335K | $153K | $35K | — | View 990 |
| 2019 | $368K | $382K | $37K | $9K | — | View 990 |
| 2017 | $189K | $191K | $39K | $7K | — | View 990 |
| 2016 | $177K | $160K | $48K | $750 | — | View 990 |
| 2015 | $136K | $120K | $40K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $483K, expenses of $498K, and assets of $181K (revenue +5.6% year-over-year).
- 2022: Revenue of $457K, expenses of $473K, and assets of $187K (revenue -5.8% year-over-year).
- 2021: Revenue of $486K, expenses of $407K, and assets of $204K (revenue +14.0% year-over-year).
- 2020: Revenue of $426K, expenses of $335K, and assets of $153K (revenue +15.8% year-over-year).
- 2019: Revenue of $368K, expenses of $382K, and assets of $37K (revenue +95.0% year-over-year).
- 2017: Revenue of $189K, expenses of $191K, and assets of $39K (revenue +6.3% year-over-year).
- 2016: Revenue of $177K, expenses of $160K, and assets of $48K (revenue +30.9% year-over-year).
- 2015: Revenue of $136K, expenses of $120K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Redemptive Cycles Services Inc:
Data Sources and Methodology
This transparency report for Redemptive Cycles Services Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.