Renew Mobility

Analysis

Renew Mobility is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in January 1994, 32 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 2022, Renew Mobility reported income of $439k and spending of $289k, leaving 34% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $261k to $439k (+68%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 101%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Renew Mobility 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 68th percentile within MI. Charities of a similar size with the same main cause include Ivy Womens Center Inc ($439k), My Village Ministries ($439k) and North-Northeast Business ($439k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. Other salaries and wages came to $120k. At year end it held assets of $818k against liabilities of $0, net assets of $818k. It reported 5 employees.