Africa Renewal Ministries Inc

Analysis

Africa Renewal Ministries Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in November 2003, 23 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, Africa Renewal Ministries Inc reported income of $6.4m and spending of $6.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $6.4m (+76%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 90% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Africa Renewal Ministries Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Seeds of Peace Inc ($6.4m), Childrens Hopechest Inc ($6.4m) and African Center for Economic Transformation ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $133k (2.2% of expenses). Other salaries and wages came to $333k. At year end it held assets of $3.5m against liabilities of $518k, net assets of $3.0m. It reported 11 employees.