Renewal Prayer Network Inc

Analysis

Renewal Prayer Network Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Renewal Prayer Network Inc reported income of $58k and spending of $54k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $58k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Renewal Prayer Network Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Exalt Him Ministries Inc ($58k), Real Ministries ($58k) and Iglesia Apostolica Mision de Amor ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.