Global Renewal Inc

Analysis

Global Renewal Inc is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Global Renewal Inc reported income of $426k and spending of $479k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $426k (+46%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Global Renewal Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include All Positives Possible ($426k), Paws 4 Liberty ($426k) and Mollys Angels of Napa Valley ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 112% of the total. Compensation of current officers, directors and key employees was $85k (18% of expenses). At year end it held assets of $740k against liabilities of $5,551, net assets of $734k. It reported 2 employees.