Renewal Foundation Inc

Analysis

Renewal Foundation Inc is a registered charity in United States, based in Oakland GDNS, NY. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Renewal Foundation Inc reported income of $729k and spending of $598k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $729k (-44%), an average of -13% a year. The sharpest change came in the year to June 2023, when income dropped by 36%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Renewal Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Richmond Friends School Inc ($728k), Society of North American Refugee Healthcare Providers ($729k) and Tiyya Foundation Inc ($728k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $6,700. At year end it held assets of $1.4m against liabilities of $1,200, net assets of $1.4m.