Renewal

Analysis

Renewal is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in July 2015, 11 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, Renewal reported income of $173k and spending of $238k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $297k to $173k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Renewal sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Robbie Mitchell Ministries ($173k), Alpha Lighthouse LLC ($173k) and Til He Returns ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $213k (90% of expenses). At year end it held assets of $18k against liabilities of $0, net assets of $18k. It reported 2 employees.