Renew Inc

Analysis

Renew Inc is a registered charity in United States, based in Cortez, CO. It received its IRS tax-exemption ruling in April 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2022, Renew Inc reported income of $595k and spending of $627k, spending 105% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income grew from $293k to $595k (+103%), an average of +27% a year. The sharpest change came in the year to September 2022, when income rose by 43%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Renew 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 73rd percentile, and in the 71st percentile within CO. Charities of a similar size with the same main cause include Oc Homecare Foundation ($595k), Cardinals Child Development Center ($595k) and Maya Organization ($595k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $270k. At year end it held assets of $94k against liabilities of $30k, net assets of $64k. It reported 10 employees.