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 rating1038 of 107480 of 82
Fund acquisition rating1018 of 107580 of 82
Resource allocation rating891 of 107573 of 82
Asset utilization rating888 of 107466 of 82

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%21%22%10%10%11%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%16%21%9%10%11%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%78%97%98%98%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%18%16%13%14%11%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%22%3%2%2%1%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%76%77%81%81%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
92%92%129%73%71%96%
Program output ratio Program output ratio =
Program services /
Total revenue
77%70%100%60%57%80%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
8%8%-29%27%29%4%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
22%5%-12%13%17%2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
6%6%6%6%6%5%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.430.470.490.360.410.49
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.231.191.191.221.201.18
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.940.560.590.430.490.58
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
11.3235.7524.6934.6838.6322.00
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.090.030.040.030.030.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.1120.9819.4926.8623.6319.67
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%9%9%3%2%4%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
64%196%184%273%238%194%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$1,072,937$16,724,653$17,687,152$13,925,470$10,832,445
Receivables, inventories, prepaids$1,254,883$1,170,760$1,267,772$1,737,829$1,771,026
Short-term investments$26,353,066$9,456,737$8,891,718$8,448,723$7,895,427
Other current assets$0$0$0$0$0
Total current assets$28,680,886$27,352,150$27,846,642$24,112,022$20,498,898
Long-term investments$15,478$21,830$26,445$29,697$33,894
Fixed assets$311,597$470,498$481,516$418,411$366,899
Other long-term assets$5,195,870$4,824,507$5,502,803$4,451,298$3,240,351
Total long-term assets$5,522,945$5,316,835$6,010,764$4,899,406$3,641,144
Total assets$34,203,831$32,668,985$33,857,406$29,011,428$24,140,042
 
Liabilities20212020201920182017
Payables and accrued expenses$794,362$1,113,954$808,546$619,416$928,986
Other current liabilities$7,901($6,077)($5,633)$4,737$2,914
Total current liabilities$802,263$1,107,877$802,913$624,153$931,900
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$2,106,189$1,882,785$59,039$6,030$0
Total long-term liabilities$2,106,189$1,882,785$59,039$6,030$0
Total liabilities$2,908,452$2,990,662$861,952$630,183$931,900
 
Net assets20212020201920182017
Without donor restrictions$18,193,718$17,347,423$20,296,762$16,888,406$16,794,255
With donor restrictions$13,101,661$12,330,900$12,698,692$11,492,839$6,413,887
Net assets$31,295,379$29,678,323$32,995,454$28,381,245$23,208,142
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$13,613,221$12,177,298$16,094,300$16,478,657$12,322,683
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$3,824,459$354,763$411,502$324,327$148,571
Other revenue($11,191)($33,170)($45,037)($38,318)($15,818)
Total other revenue$3,813,268$321,593$366,465$286,009$132,753
Total revenue$17,426,489$12,498,891$16,460,765$16,764,666$12,455,436
 
Expenses20212020201920182017
Program services$12,176,926$12,505,246$9,825,600$9,604,660$9,966,087
Management and general$968,494$1,024,755$712,199$686,313$623,784
Fundraising$2,801,661$2,632,672$1,545,662$1,638,229$1,345,513
Total expenses$15,947,081$16,162,673$12,083,461$11,929,202$11,935,384
 
Change in net assets20212020201920182017
Surplus (deficit)$1,479,408($3,663,782)$4,377,304$4,835,464$520,052
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,479,408($3,663,782)$4,377,304$4,835,464$520,052

Compensation

NameTitleCompensation
Carol Bremer-BennettExecutive Director$191,378

Compensation data as of: 6/30/2021


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.