World Renew reports that it is a Christian organization that partners with local agencies and Churches globally to support community development and transformation in more than 30 developing countries. The organization takes a family-centered approach to addressing global poverty, economic opportunity, community health, disaster response, and justice. World Renew also teaches pastors, Church councils, and young people to advocate for change in public policy and funding to fight global poverty. In 2019, the organization states that it ministered to 918,663 individuals. In addition, World Renew reports that it helped 677,509 individuals recover from a natural disaster and religious violence, provided financial assistance to 2,221 families, repaired or rebuilt 290 damaged homes, and helped sponsor 206 refugees to Canada.
For the year ended June 30, 2020, World Renew's program expenses were:
Overseas development |
$8,540,366 |
Disaster programs |
$3,271,954 |
Domestic development |
$1,075,814 |
Education and justice |
$490,015 |
Total Program Expenses: |
$13,378,149 |
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Chief Executive
Carol Bremer-Bennett, Executive Director
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Compensation*
$171,139
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Chair of the Board
Charles Adams
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Chair's Profession / Business Affiliation
City Attorney, City of Sheboygan
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Board Size
7
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Paid Staff Size
59
*2018 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Membership appeals, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.), Radio
World Renew incurred joint costs of $1,935,994 for informational materials and activities that included fundraising materials. Of those costs $967,997 was allocated to program expenses and $967,997 was allocated to fundraising expenses.
Fundraising costs were 19% of related contributions. (Related contributions, which totaled $13,715,888 are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on World Renew's audited financial statements for the year ended June 30, 2020.
Source of Funds |
Contributions |
$11,298,087 |
Grants |
$1,552,433 |
In-kind contributions |
$865,368 |
Investment income, net |
$701,416 |
Total Income |
$14,417,304 |
- Programs: 79%
- Fundraising: 15%
- Administrative: 6%
Total Income |
$14,417,304 |
Program expenses |
$13,378,149 |
Fundraising expenses |
$2,640,208 |
Administrative expenses |
$1,037,782 |
Other expenses |
$0 |
Total expenses: |
$17,056,139 |
Income in Excess of Expenses |
$-2,638,835 |
Beginning Net Assets |
$32,995,454 |
Other Changes In Net Assets |
$-678,296 |
Ending Net Assets |
$29,678,323 |
Total Liabilities |
$2,990,662 |
Total Assets |
$32,668,985 |
Note 1: As noted in the above financial section, "other changes in net assets" refers to changes in the benefical interest.
Note 2: According to World Renew's audited financial statements for the year ended June 30, 2020, the organization received $865,368 in donated services.