Renew Project

Analysis

Renew Project is a registered charity in United States, based in Glen Ellyn, IL. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Renew Project reported income of $226k and spending of $219k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $226k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Renew Project sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include H-Gac Corporation for Regional Excellence ($226k), Queen City Bicycle Collective ($226k) and Nevada Business Opportunity Fund ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $97k. At year end it held assets of $180k against liabilities of $12k, net assets of $169k. It reported 20 employees.