Renewed Hope Biblical Counseling

Analysis

Renewed Hope Biblical Counseling is a registered charity in United States, based in Ooltewah, TN. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Renewed Hope Biblical Counseling reported income of $62k and spending of $58k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $62k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 141% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Renewed Hope Biblical Counseling sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within TN. Charities of a similar size with the same main cause include B D Phillips Jr Fbo North Street Christian Church ($62k), United Jewish Appeal of Wilmington Inc ($62k) and Islamic Education Center ($62k).

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 $14k against liabilities of $4,144, net assets of $10k.