Renewal Ministries Northwest

Analysis

Renewal Ministries Northwest is a registered charity in United States, based in Mill Creek, WA. It received its IRS tax-exemption ruling in October 2004, 22 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 June 2023, Renewal Ministries Northwest reported income of $345k and spending of $349k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $271k to $345k (+27%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Renewal Ministries Northwest sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include Moorcroft Interfaith Community ($345k), Ever Reaching Community Outreach ($345k) and Cedar Grove Retreat Inc ($344k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $146k (42% of expenses). Other salaries and wages came to $64k. At year end it held assets of $18k against liabilities of $1,901, net assets of $16k.