Renewal Unlimited Inc

Analysis

Renewal Unlimited Inc is a registered charity in United States, based in Portage, WI. It received its IRS tax-exemption ruling in May 1979, 47 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 June 2023, Renewal Unlimited Inc reported income of $11.8m and spending of $11.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $11.8m (+52%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Renewal Unlimited Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Jewish Home for the Aging of Orange County ($11.8m), Hca Hope Fund ($11.8m) and H a P Enterprises Inc ($11.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $247k (2.1% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $10.0m against liabilities of $5.4m, net assets of $4.7m. It reported 182 employees.