Outstanding Renewal Enterprises Inc

Analysis

Outstanding Renewal Enterprises Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1986, 40 years ago. 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 December 2023, Outstanding Renewal Enterprises Inc reported income of $2.8m and spending of $2.4m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.8m (+81%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Outstanding Renewal Enterprises Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include The Glass-Glen Burnie Foundation ($2.8m), Econometric Society Inc ($2.8m) and Etm-La Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $125k (5.2% of expenses). Other salaries and wages came to $995k. At year end it held assets of $3.0m against liabilities of $80k, net assets of $2.9m. It reported 29 employees.