Family Renewal Initiative Inc

Analysis

Family Renewal Initiative Inc is a registered charity in United States, based in Martinsburg, WV. It received its IRS tax-exemption ruling in December 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, Family Renewal Initiative Inc reported income of $97k and spending of $120k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $150k to $97k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Renewal Initiative Inc 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 36th percentile, and in the 33rd percentile within WV. Charities of a similar size with the same main cause include Three Rivers House of Prayer ($97k), Outside the Walls Ministries ($97k) and Dorcas Circle ($97k).

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 $38k against liabilities of $0, net assets of $38k.