Renew Birmingham

Analysis

Renew Birmingham is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Birmingham reported income of $780k and spending of $852k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.1m to $780k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Renew Birmingham sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within AL. Charities of a similar size with the same main cause include Western Regional Advocacy Project ($780k), New Reflections Inc ($780k) and Texas Black Expo Inc ($780k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $108k (13% of expenses). Other salaries and wages came to $134k. It paid $24k in professional fundraising fees. At year end it held assets of $543k against liabilities of $0, net assets of $543k. It reported 11 employees.