Overview
What is Renewal Ministries Inc?
Renewal Ministries Inc is a nonprofit organization that is dedicated to fostering religious education and disseminating the teachings of the Bible. They accomplish this mission through various means, such as providing educational materials, broadcasting religious programming on television and radio, and promoting spiritual growth. The organization's core activity involves promoting religious education and spreading the Bible's teachings.
Official website here: www.renewalministries.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star rating
Renewal Ministries Inc has achieved a strong Four-Star rating from Charity Navigator, reflecting its solid performance in both accountability and finance, as well as leadership and adaptability. With an overall score of 91%, the organization showcases a high level of financial health, evidenced by a low liabilities to assets ratio of 11.04% and a program expense ratio of 80.66%, indicating that a significant portion of its funds directly supports its mission.
The organization's leadership is also commendable, achieving a perfect score in leadership and adaptability. Renewal Ministries has demonstrated an effective governance structure with 91% of its board members being independent and has policies in place for conflict of interest and whistleblower protections, which enhances its transparency and accountability. Furthermore, the organization has shown resilience and capacity to adapt during challenging times, such as the pandemic, while maintaining a focus on mobilizing its mission.
While the charity's financial efficiency appears robust, it is worth noting its fundraising efficiency ratio of $0.13, which suggests that a considerable amount is spent to raise each dollar. Overall, Renewal Ministries Inc exemplifies strong operational integrity and commitment to its mission, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Renewal Ministries Inc legitimate?
Renewal Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Renewal Ministries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,093,388
For more financial information, click here
Official website here: www.renewalministries.net
What is the mission statement of Renewal Ministries Inc?
Renewal Ministries Inc. is dedicated to promoting religious education and disseminating the teachings of the Bible. They accomplish this by supplying various educational materials and broadcasting their message through television and radio programs. Their primary objective is to spread the religious knowledge contained within the Bible, fostering a deeper understanding and connection with its teachings.
Official website here: www.renewalministries.net
Who is the CEO of Renewal Ministries Inc?
Ralph Martin is the President of Renewal Ministries Inc.
Official website here: www.renewalministries.net
What is the revenue of Renewal Ministries Inc?
Renewal Ministries Inc's revenue in 2022 was $3,173,962.
Official website here: www.renewalministries.net
Who are the executives of Renewal Ministries Inc and what are their salaries?
The average compensation at Renewal Ministries Inc during 2022 was $37,703. There are 29 employees at Renewal Ministries Inc.
Here are 14 key members and their salaries:
- Compensation: $132,585
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- Other: $0
- Compensation: $121,531
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- Compensation: $97,325
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Official website here: www.renewalministries.net
Where can I find the form 990 for Renewal Ministries Inc?
Renewal Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.renewalministries.net
Learn more at the official website: www.renewalministries.net
Mission Statement of Renewal Ministries Inc
Renewal Ministries, as an organization, is dedicated to the promotion of religious education and the dissemination of Bible teachings. Their primary mission involves providing a variety of educational materials and resources that are rooted in biblical principles. Additionally, Renewal Ministries extends its reach beyond physical materials, offering television and radio programming that shares these teachings with a wider audience. Overall, the organization's purpose is to promote and spread religious education, drawing from the teachings of the Bible.
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Impact
July, 2024
Renewal Ministries Inc impacts individuals by promoting religious education and spreading the teachings of the Bible. Through providing religious and educational materials, as well as television and radio programming, Renewal Ministries actively engages in sharing spiritual insights and fostering deeper connections to faith. In doing so, Renewal Ministries contributes to the spiritual growth and development of individuals seeking to deepen their understanding of religious teachings and principles.
This information is meant to be a general summary of Renewal Ministries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $25,404
- Program Service Revenue: $715,249
- Gross Receipts: $3,216,419
Assets and Liabilities:
- Total Assets: $3,597,973
- Total Liabilities: $397,446
- Net Assets: $3,200,527
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BLR INCOME
Revenue
$174,843
NEWSLETTER CONTRIBUTIONS
Revenue
$165,608
RESTRICTED STAFF SUPPORT
Revenue
$123,306
ID 916 STAFF SUPPORT
Revenue
$92,776
RESTRICTED STUDENT DONAT
Revenue
$48,133
Organization Details
Founding Year
1992
Phone
(734) 662-1730Principal Officer
Ralph Martin
Main Address
PO BOX 491, ANN ARBOR, MI, 48106
Website
www.renewalministries.netNTEE Category
Code: X20Z - Religion related
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