Renewed Strength Inc

Analysis

Renewed Strength Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Renewed Strength Inc reported income of $1.3m and spending of $1.4m, spending 105% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $685k to $1.3m (+90%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Renewed Strength Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Western Pennsylvania Diaper Bank ($1.3m), Project Joy and Hope for Texas ($1.3m) and Changing Peoples Lives Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $75k (5.5% of expenses). Other salaries and wages came to $561k. At year end it held assets of $737k against liabilities of $35k, net assets of $702k. It reported 21 employees.