Project Renewal of Davenport Inc

Analysis

Project Renewal of Davenport Inc is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Project Renewal of Davenport Inc reported income of $640k and spending of $525k, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $329k to $640k (+94%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Renewal of Davenport Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within IA. Charities of a similar size with the same main cause include Helping Hands Alaska ($640k), Noia Foundation ($640k) and Starting Over Enterprises Inc ($640k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $47k (8.9% of expenses). Other salaries and wages came to $115k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 10 employees.