Redeeming Love Ministries
Nonprofit profile at a glance
- EIN
- 463985600
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-EZ 2019, Form 990-N 2016
- Location
- Colorado Springs, CO, USA
- Phone
- 7192408502
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
- Affiliation
- Christianity
Reported finances
- Revenue
- $760,359
- Expenses
- $748,909
- Assets
- $440,849
- Liabilities
- $4,226
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Julie Mwozi (President)
Highest reported compensation
- Julie Mwozi (President): $48,050 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To partner with other organizations to spread the gospel message of Jesus Christ through education, feeding, and medical support of the indigent/orphaned children of the Democratic Republic of the Congo.
What it reported doing in 2024
In 2024, Redeeming Love Ministries continues to empower some of the most vulnerable families in the DRC through education, nutrition, and economic support. We are providing tuition, uniforms, and school supplies to over 875 children, partnering with 14 schools across our community. Our feeding center continues to serve 1,000 people, offering monthly distributions of food, clothing materials, and life-saving hygiene supplies. We also completed a new Hope Center in Kavumu that provides food and hygiene education. In Luwindja, we have expanded our existing Hope Center to better serve our growing programs-facilitating the 1,000 children and widows in our feeding program, housing our new trade school, and providing a meeting space for the 275 participants in our microfinance initiative.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 88% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 74
- Accountability: 80
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.4%; rating input score 87
- Program expense ratio: 88.8%; rating input score 89
- Fundraising efficiency: $23.15 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 83.3%; rating input score 83; 19th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 1.5%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 0.59; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 6.4%; rating input score 49; 49th percentile among comparable filings
Growth
- Program expense growth: 26% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 28.5% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 26% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 87.4% of revenue deployed · 88.8% of spending went to programs
- Governance: 5 of 6 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $665K in reported program spending
- Leadership: top reported pay $48K · 6 people listed
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and foreign activity
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
- Moderate — Sustainability: Operating margin scored 41/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Total-asset coverage ratio scored 27/100.
- Review — Transparency & Controls: Foreign grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 49/100.