Renewal Centers Inc

Analysis

Renewal Centers Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in May 1988, 38 years ago. 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, Renewal Centers Inc reported income of $432k and spending of $459k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $802k to $432k (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 27%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Renewal Centers Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within AZ. Charities of a similar size with the same main cause include Council of Community Housing Organizations ($432k), Global Friends in Action Inc ($432k) and New Hillel Academy ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $70k (15% of expenses). Other salaries and wages came to $8,923. At year end it held assets of $21k against liabilities of $8,500, net assets of $12k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.