Renewed Ministries

Analysis

Renewed Ministries is a registered charity in United States, based in Central City, KY. It received its IRS tax-exemption ruling in July 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 (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 Ministries reported income of $242k and spending of $16k, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $371k to $242k (-35%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 9.5% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Renewed Ministries sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within KY. Charities of a similar size with the same main cause include Shalom Church of Orange County ($242k), Chinese International Missions Inc ($242k) and Guru Nanak Gurudawara a Nevada Nonprofit Corporation ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.