Renew Devotionals

Analysis

Renew Devotionals is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in October 2020, 6 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, Renew Devotionals reported income of $73k and spending of $90k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $73k (+3.5%), an average of +3.5% a year. Over the whole period it spent 118% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Renew Devotionals sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include Gospel Believers Church International Inc ($73k), Templo Embajadores de Cristo ($73k) and Chinmaya Mission Tampa Bay Inc ($73k).

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 $11k against liabilities of $1,057, net assets of $10k.