World Renew

The information on this page was last updated 3/20/2023. If you see errors or omissions, please email: [email protected]


Summary

World Renew partners with local churches and organizations around the world to bring holistic programs that transform communities in every area of need. Our goal is systemic, generational change in five key areas: Peace and Justice, Community Health, Food Security, Economic Opportunity and Disaster Response.


Contact information

Mailing address:
World Renew United States
8970 Byron Commerce Dr. SW
Byron Center, MI 49315-7400

Website: www.worldrenew.net

Phone: 1-800-552-7972

Email: [email protected]


Organization details

EIN: 381708140

CEO/President: Carol Bremer-Bennett / Jamie McIntosh

Chairman: Chuck Adams

Board size: 7

Founder: Christian Reformed Church in North America

Ruling year: 1975

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 1993


Purpose

World Renew envisions a world where people experience and extend Christ's compassion and live together in hope as God's community.


Mission statement

Compelled by God's deep passion for justice & mercy, we join communities around the world to renew hope, reconcile lives, and restore creation.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating1056 of 110485 of 88
Fund acquisition rating1009 of 110579 of 88
Resource allocation rating835 of 110567 of 88
Asset utilization rating962 of 110476 of 88

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%16%21%22%10%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%15%16%21%9%10%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%98%78%97%98%98%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%17%18%16%13%14%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%2%22%3%2%2%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%80%76%77%81%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%92%92%129%73%71%
Program output ratio Program output ratio =
Program services /
Total revenue
82%73%70%100%60%57%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%8%8%-29%27%29%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%5%5%-12%13%17%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
6%4%6%6%6%6%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.510.510.470.490.360.41
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.231.421.191.191.221.20
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.890.720.560.590.430.49
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
17.0123.8135.7524.6934.6838.63
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.040.030.040.030.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.8215.9220.9819.4926.8623.63
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%12%9%9%3%2%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
60%174%196%184%273%238%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$4,364,280$1,072,937$16,724,653$17,687,152$13,925,470
Receivables, inventories, prepaids$1,435,123$1,254,883$1,170,760$1,267,772$1,737,829
Short-term investments$18,614,500$26,353,066$9,456,737$8,891,718$8,448,723
Other current assets$0$0$0$0$0
Total current assets$24,413,903$28,680,886$27,352,150$27,846,642$24,112,022
Long-term investments$6,745$15,478$21,830$26,445$29,697
Fixed assets$5,478,553$311,597$470,498$481,516$418,411
Other long-term assets$4,773,187$5,195,870$4,824,507$5,502,803$4,451,298
Total long-term assets$10,258,485$5,522,945$5,316,835$6,010,764$4,899,406
Total assets$34,672,388$34,203,831$32,668,985$33,857,406$29,011,428
 
Liabilities20222021202020192018
Payables and accrued expenses$1,010,530$794,362$1,113,954$808,546$619,416
Other current liabilities$14,901$7,901($6,077)($5,633)$4,737
Total current liabilities$1,025,431$802,263$1,107,877$802,913$624,153
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$3,000,000$2,106,189$1,882,785$59,039$6,030
Total long-term liabilities$3,000,000$2,106,189$1,882,785$59,039$6,030
Total liabilities$4,025,431$2,908,452$2,990,662$861,952$630,183
 
Net assets20222021202020192018
Without donor restrictions$16,140,434$18,193,718$17,347,423$20,296,762$16,888,406
With donor restrictions$14,506,523$13,101,661$12,330,900$12,698,692$11,492,839
Net assets$30,646,957$31,295,379$29,678,323$32,995,454$28,381,245
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$18,789,849$13,613,221$12,177,298$16,094,300$16,478,657
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$444,423$3,824,459$354,763$411,502$324,327
Other revenue$24,761($11,191)($33,170)($45,037)($38,318)
Total other revenue$469,184$3,813,268$321,593$366,465$286,009
Total revenue$19,259,033$17,426,489$12,498,891$16,460,765$16,764,666
 
Expenses20222021202020192018
Program services$14,046,998$12,176,926$12,505,246$9,825,600$9,604,660
Management and general$623,774$968,494$1,024,755$712,199$686,313
Fundraising$2,957,624$2,801,661$2,632,672$1,545,662$1,638,229
Total expenses$17,628,396$15,947,081$16,162,673$12,083,461$11,929,202
 
Change in net assets20222021202020192018
Surplus (deficit)$1,630,637$1,479,408($3,663,782)$4,377,304$4,835,464
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,630,637$1,479,408($3,663,782)$4,377,304$4,835,464

Compensation

NameTitleCompensation
Carol Bremer-BennettExecutive Director$193,314

Compensation data as of: 6/30/2022


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/20/2023. To update the information below, please email: [email protected]


History

1962 - World Renew is founded in the United States.

1969 - World Renew incorporates in Canada.

1972 - The first emergency disaster response volunteers are sent out.

1979 - Long term disaster response is established as an organizational commitment.

1996 - World Renew holds the first Assembly of Worldwide Partners.

2005 - Partners Worldwide, a World Renew mentorship program for early entrepreneurs in Kenya, becomes self-sustaining.

2018 - After the deadliest year of US hurricanes in history, 2,261 people volunteer with Disaster Response Services to rebuild homes.


Program accomplishments


Needs

At World Renew, we join with the world's families to change the story of hunger, poverty, and illness. For nearly 60 years, hundreds of thousands of people have shared in this calling: staff, local partners, global communities, and people like you. Every day, people like you give in response to a disaster, offer monthly support to Free a Family from poverty, or travel with our volunteer teams to help renew hope firsthand. Together, we change stories, and those stories change the world.