Overview
What is Christian Renewal Ministries Inc?
Christian Renewal Ministries Inc, situated in Milltown, New Jersey, is a nonprofit organization with a focus on spreading the gospel of Christ and fostering Christian spiritual growth. They invest in various literary ministries and produce The Renewal Journal, all while managing editorial and production costs. With a dedicated team of 16 individuals, their mission revolves around proclaiming the teachings of Christ and inspiring spiritual development within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Christian Renewal Ministries Inc has received a rating of 67%, which translates to a Two-Star designation. This score is based solely on its Accountability & Finance metrics. While the organization demonstrates a strong performance in financial statements and program expense ratio—indicating a commitment to transparency and efficient use of funds—there are significant concerns regarding governance.
A critical area that needs improvement is the composition of the board, as there are no independent members, which affects their accountability. Additionally, important policies such as conflict of interest, whistleblower, and document retention policies are missing, which raises questions about the organization's internal governance practices. While the organization does maintain proper meeting minutes, the absence of independent oversight and necessary policies indicates weaknesses that could affect overall accountability.
Despite these limitations, Christian Renewal Ministries Inc shows a good level of program expenses relative to total expenses, suggesting that a substantial portion of their resources is directed towards their mission. Strengthening governance practices and ensuring compliance with necessary policies could enhance their rating in the future, thereby improving their overall impact and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Christian Renewal Ministries Inc legitimate?
Christian Renewal Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Christian 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: $48,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Christian Renewal Ministries Inc?
Christian Renewal Ministries Inc's mission is centered around proclaiming the gospel of Christ and fostering Christian spiritual growth. They aim to achieve this through various literary ministries and the publication of The Renewal Journal. The organization's primary focus is to spread the teachings of Christianity and encourage spiritual development among its followers. Their activities are geared towards inspiring and nurturing a deeper connection with Christ.
What is the revenue of Christian Renewal Ministries Inc?
Christian Renewal Ministries Inc's revenue in 2023 was $937,303.
Who are the executives of Christian Renewal Ministries Inc and what are their salaries?
The average compensation at Christian Renewal Ministries Inc during 2023 was $3,491. There are 14 employees and 20 volunteers at Christian Renewal Ministries Inc.
Here are 8 key members and their salaries:
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- Compensation: $48,875
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Where can I find the form 990 for Christian Renewal Ministries Inc?
Christian Renewal Ministries Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Christian Renewal Ministries Inc
Christian Renewal Ministries Inc, as per its mission, is dedicated to spreading the gospel of Christ and fostering spiritual growth among Christians. The organization focuses on proclaiming the message of Christ and encourages the nurturing of spirituality among its followers. This is achieved through various literature ministries, which form a significant part of their activities. Additionally, The Renewal Journal is a key component of their work, contributing to their editorial and production costs. The ultimate goal of Christian Renewal Ministries Inc is to inspire spiritual growth and maintain a strong Christian community, all while spreading the teachings of Christ.
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Impact
July, 2024
Christian Renewal Ministries Inc's impact is felt through its dedicated efforts to proclaim the gospel of Christ and stimulate Christian spiritual growth. Through their editorial and production costs for various literature ministries and The Renewal Journal, they are actively spreading the message of hope and faith to individuals in MILLTOWN, NJ, and beyond. By focusing on their mission to proclaim the gospel of Christ, they are making a tangible difference in cultivating a community of believers and supporting the spiritual growth of Christians. Their work exemplifies a commitment to sharing the teachings of Christianity and fostering a sense of renewal and connection among individuals.
This information is meant to be a general summary of Christian 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 2023.
- Investment Income: $2,732
- Program Service Revenue: $100,379
- Gross Receipts: $937,303
Assets and Liabilities:
- Total Assets: $2,469,075
- Total Liabilities: $89,389
- Net Assets: $2,379,686
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Literature Ministries
Revenue
$81,131
Theological Seminars
Revenue
$11,913
Royalty Income
Revenue
$7,335
Organization Details
Founding Year
1971
Principal Officer
Paul L Chang
NTEE Category
Code: X80 - Religion related
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