World Renewal Inc

Analysis

World Renewal Inc is a registered charity in United States, based in Greenfield, IN. It received its IRS tax-exemption ruling in October 1986, 40 years ago. 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, World Renewal Inc reported income of $1.4m and spending of $1.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.4m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, World Renewal Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include Steam Academy ($1.4m), Community Action Service & Advocacy ($1.4m) and Broward Sheriffs Advisory Council Inc ($1.4m).

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 $75k (5.4% of expenses). Other salaries and wages came to $287k. At year end it held assets of $158k against liabilities of $69k, net assets of $89k. It reported 15 employees.