Renew Queens Inc

Analysis

Renew Queens Inc is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in February 2018, 8 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 Queens Inc reported income of $308k and spending of $337k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $265k to $308k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Renew Queens Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Nampa Council on Aging Inc ($308k), Society for Ethics in Egg Donation and Surrogacy ($308k) and Domestic Abuse-Sexual Assault Services ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. At year end it held assets of $100k against liabilities of $12k, net assets of $88k.