Family Renewal Project Inc

Analysis

Family Renewal Project Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in August 2017, 9 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, Family Renewal Project Inc reported income of $581k and spending of $376k, leaving 35% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $313k to $581k (+86%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Renewal Project Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within KY. Charities of a similar size with the same main cause include Print and Graphics Scholarship Foundation ($581k), Recess Resources Inc ($581k) and Arkansas Employment Career Center ($581k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $253k (67% of expenses). At year end it held assets of $572k against liabilities of $6,300, net assets of $566k. It reported 9 employees.