Renew Polk Inc

Analysis

Renew Polk Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in January 2017, 9 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, Renew Polk Inc reported income of $225k and spending of $252k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $228k to $225k (-1.2%), an average of -0.6% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Renew Polk Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Christianity Explored USA ($225k), American Friends of Halichot Haaretz ($225k) and Zichron Shlomo ($225k).

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 $24k (9.5% of expenses). Other salaries and wages came to $66k. At year end it held assets of $195k against liabilities of $0, net assets of $195k.