Renewed Hope Ministries

Analysis

Renewed Hope Ministries is a registered charity in United States, based in Apple Creek, OH. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Renewed Hope Ministries reported income of $119k and spending of $116k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $119k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Renewed Hope Ministries sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within OH. Charities of a similar size with the same main cause include Leroy Community Foundation ($119k), Lifevantage Legacy Inc ($119k) and Teepe Family Foundation ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,908 against liabilities of $0, net assets of $6,908.