Professional Renewal Initiative

Analysis

Professional Renewal Initiative is a registered charity in United States, based in Davidson, NC. It received its IRS tax-exemption ruling in February 2006, 20 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, Professional Renewal Initiative reported income of $59k and spending of $70k, spending 120% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $16k to $59k (+276%), an average of +94% a year. The sharpest change came in the year to December 2022, when income rose by 270%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Professional Renewal Initiative 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 21st percentile within NC. Charities of a similar size with the same main cause include Faithful City Christian Center Inc ($59k), Ramakrishna Vedanta Society of North Carolina ($59k) and Southwest Buddhafield Endowment Fund Inc ($59k).

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 $4,806 against liabilities of $68, net assets of $4,738.