Renewing Life Center

Analysis

Renewing Life Center is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Renewing Life Center reported income of $1.8m and spending of $1.1m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $671k to $1.8m (+167%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Renewing Life Center 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 85th percentile, and in the 86th percentile within NV. Charities of a similar size with the same main cause include Barnabas Center ($1.8m), Messianic Jewish Bible Society Inc ($1.8m) and Leelanau Christian Neighbors Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $192k (17% of expenses). Other salaries and wages came to $192k. At year end it held assets of $1.4m against liabilities of $5,416, net assets of $1.4m. It reported 7 employees.