Renewed Heart Ministries Inc

Analysis

Renewed Heart Ministries Inc is a registered charity in United States, based in Lewisburg, WV. It received its IRS tax-exemption ruling in October 2015, 11 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, Renewed Heart Ministries Inc reported income of $122k and spending of $118k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $111k to $122k (+9.9%), an average of +9.9% a year. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Renewed Heart Ministries Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within WV. Charities of a similar size with the same main cause include Gy6 Initiative Inc ($122k), Encouragement Communications Inc ($122k) and Merendon Mountain Mission ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. At year end it held assets of $58k against liabilities of $11k, net assets of $47k.