Chicago Black Methodists for Church Renewal Inc

Analysis

Chicago Black Methodists for Church Renewal Inc is a registered charity in United States, based in Harvey, IL. It received its IRS tax-exemption ruling in January 1975, 51 years ago. 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, Chicago Black Methodists for Church Renewal Inc reported income of $76k and spending of $131k, spending 172% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $72k to $76k (+5.9%), an average of +1.9% a year. Over the whole period it spent 136% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chicago Black Methodists for Church Renewal Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within IL. Charities of a similar size with the same main cause include Steppin in Foundation Inc ($76k), Anderson Island Historical Society ($76k) and Road Runners Club of America ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Other salaries and wages came to $26k. At year end it held assets of $530k against liabilities of $0, net assets of $530k.