World Renew

Analysis

World Renew is a registered charity in United States, based in Byron Center, MI. It received its IRS tax-exemption ruling in February 1975, 51 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, World Renew reported income of $21.6m and spending of $20.6m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $12.5m to $21.6m (+73%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, World Renew 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 97th percentile within MI. Charities of a similar size with the same main cause include Jefferson Franklin Community Action Corporation ($21.6m), Woodcraft Rangers ($21.6m) and Life at Lourdes Inc ($21.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $236k (1.1% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $38.9m against liabilities of $5.8m, net assets of $33.0m. It reported 70 employees.