World Renew
Meets Standards
Standards For Charity Accountability
Governance
-
Board Oversight
-
Board Size
-
Board Meetings
-
Board Compensation
-
Conflict of Interest
Measuring Effectiveness
-
Effectiveness Policy
-
Effectiveness Report
Finances
-
Program Expenses
-
Fundraising Expenses
-
Accumulating Funds
-
Audit Report
-
Detailed Expense Breakdown
-
Accurate Expense Reporting
-
Budget Plan
Fundraising & Info
-
Truthful Materials
-
Annual Report
-
Website Disclosures
-
Donor Privacy
-
Cause Marketing Disclosures
-
Complaints
World Renew meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to renew hope, reconcile lives, and restore creation."
Year, State Incorporated:
1963, MI
World Renew reports that in works in more than 30 developing countries to promotes a family-centered approach to address global poverty with food security, peace and justice, economic opportunity, community health, and disaster response. The organization partners with local agencies and churches across Latin America, Asia, Africa, and North America to provide its serves. In 2024, World Renew states that it served 254,769 individuals across 1,305 communities. Some ($1,052,268 or 6%) of World Renew's program service activities are carried out in conjunction with fundraising.
For the year ended June 30, 2024, World Renew's program expenses were:
Overseas development: $10,745,075
Disaster programs: $3,916,452
Education and justice: $2,405,234
Total Program Expenses: $17,066,761
Chief Executive
Carol Bremer-Bennett, Executive Director
Compensation*
$241,724
Chair of the Board
Jeff Banaszak
Chair's Profession / Business Affiliation
Chief Financial Officer, Creative Dining Services
Board Size
9
Paid Staff Size
63
*2024 compensation, as reported by the organization, includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Special events
World Renew incurred joint costs of $2,104,536 for informational materials and activities that included fundraising materials. Of those costs $1,052,268 was allocated to program expenses and $1,052,268 was allocated to fundraising expenses.
Fundraising costs were 18% of related contributions. (Related contributions, which totaled $15,699,493, 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, 2024.
Source of Funds
| Contributions | $12,546,061 |
| Grants | $2,194,351 |
| Investment income, net | $2,264,677 |
| In-kind contributions | $959,081 |
| Miscellaneous income | $153,061 |
| Total Income | $18,117,231 |
Programs: 77% Fundraising: 13% Administrative: 10%
| Total Income | $18,117,231 |
| Total expenses: | $22,209,423 |
| Program expenses | $17,066,761 |
| Fundraising expenses | $2,881,771 |
| Administrative expenses | $2,260,891 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-4,092,192 |
| Beginning Net Assets | $33,040,885 |
| Other Changes In Net Assets | $-880,242 |
| Ending Net Assets | $28,068,451 |
| Total Liabilities | $4,713,181 |
| Total Assets | $32,782,232 |
Note 1: As noted in the above financial section, "other changes in net assets" refers to a net change in beneficial interest.
Note 2: According to World Renew's audited financial statements for the year ended June 30, 2024, the organization received $959,081 in donated services.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
-
Meets Standards
-
Standards Not Met
-
Did Not Disclose
-
Review in Progress
-
Unable to Verify
Report completed by:
BBB Wise Giving Alliance