Friends of Project Renew

Analysis

Friends of Project Renew is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Friends of Project Renew reported income of $152k and spending of $120k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $162k to $152k (-6.4%), an average of -6.4% a year. Over the whole period it spent 61% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Project Renew sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within VA. Charities of a similar size with the same main cause include Sister Cities of Nashville Inc ($152k), Al-Basit Foundation ($152k) and I Care Inc ($152k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $178k against liabilities of $58k, net assets of $120k.