Renew Life Center Inc

Analysis

Renew Life Center Inc is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in September 2014, 12 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 December 2023, Renew Life Center Inc reported income of $313k and spending of $214k, leaving 32% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $179k to $313k (+75%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Renew Life Center Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Target Evolution Incorporated ($313k), Helping Hands for South Sudan ($313k) and Jackson Hole International Film Festival ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $124k. At year end it held assets of $116k against liabilities of $24k, net assets of $92k. It reported 4 employees.