Christian Renewal Ministries Inc

Analysis

Christian Renewal Ministries Inc is a registered charity in United States, based in Milltown, NJ. It received its IRS tax-exemption ruling in May 1979, 47 years ago. 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, Christian Renewal Ministries Inc reported income of $937k and spending of $775k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $983k to $937k (-4.7%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Christian Renewal Ministries Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Catholic Charities Diocese of Fort Worth Endowment Inc ($937k), Nanticoke Senior Center Inc ($937k) and Diabetes Camping & Educational Services Inc ($937k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $49k (6.3% of expenses). At year end it held assets of $2.8m against liabilities of $86k, net assets of $2.7m. It reported 14 employees.