Renewall Inc

Analysis

Renewall Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Renewall Inc reported income of $396k and spending of $333k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $394k to $396k (+0.5%), an average of +0.5% a year. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Renewall Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within WV. Charities of a similar size with the same main cause include Family Business Network USA Inc ($396k), Fremont Family Resource Center Corporation ($396k) and Mediation Center of Dutchess County Inc ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $43k (13% of expenses). Other salaries and wages came to $86k. At year end it held assets of $390k against liabilities of $197k, net assets of $193k.