Renewal Inc

Analysis

Renewal Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in May 1977, 49 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 Inc reported income of $16.6m and spending of $16.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.1m to $16.6m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Renewal Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include The Asian American Foundation ($16.6m), Alternatives ($16.7m) and Serving Children and Adults in Need Inc ($16.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $835k (5.1% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $68.2m against liabilities of $50.1m, net assets of $18.1m. It reported 234 employees.