World Renewal INC

Tax-deductible

Greenfield, IN501(c)(3)EIN 48-1013981Revenue $1.5M in FY2024

On file with the IRSworldrenewal.org206 S 850 E, 46140-9414 · Greenfield, INTax-exempt since Oct 1986Publicly supported charity — 170(b)(1)(A)(vi)

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Evangelistic services and foreign missions

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 25 volunteers and 16 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $1K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $28K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$26K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+9% vs prior year
Spent
$1.5M
To programs
94%
Net assets
$111K
By yearFY2020–FY2024
Revenue
$1.5M
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.5M
FY2023$1.4M
FY2024$1.5M
Expenses
$1.5M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.5M
FY2023$1.4M
FY2024$1.5M
Net assets
$111K
FY2024▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$114K
FY2021$153K
FY2022$134K
FY2023$89K
FY2024$111K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $1.4M Management & general 6% · $84K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$75,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Gary Wright$75,000$75,000$75,000$76,442$75,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Shares faith through evangelistic services and supports foreign missions.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2024
01

Organizations's sole purpose and activity are holding evangelistic services and spreading the gospel. This includes worship services, bible school, missionary work, etc. In the united states and throughout the world.

$1.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$28K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Money outPt IX
$1.5M
Ln 25
Programscol B$1.4M
Managementcol C$84K
Owns and owesPt X
$111K
net assets · Ln 32
Cash and savingsLn 1–2$136K
Total assetsLn 16$136K
LiabilitiesLn 26$26K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$136K
Cash and savings togetherLn 1–2$136K
Land, buildings, equipmentLn 10c$532
Total assetsLn 16$136K
LiabilitiesLn 26$26K
Net assetsLn 32$111K
OperationsPt I, VI
EmployeesI 516
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$157K$136K
Land, buildings, equipmentLn 10c$785$532
Total assetsLn 16$158K$136K
LiabilitiesLn 26$69K$26K
Net assetsLn 32$89K$111K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$75K$52K$22K
Other salaries and wagesLn 7$437K$381K$56K
Payroll taxesLn 10$5K$3K$1K
Other fees for servicesLn 11g$6K$5K$578
Advertising and promotionLn 12$4K$4K$449
Office expensesLn 13$7K$7K$729
Information technologyLn 14$3K$3K
OccupancyLn 16$23K$20K$2K
TravelLn 17$66K$66K
Conferences, conventions and meetingsLn 19$253$253
InterestLn 20$243$243
Depreciation, depletion and amortizationLn 22$253$253
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$812K$812K$10
All other expensesLn 24e$18K$18K$10
Total functional expensesLn 25$1.5M$1.4M$84K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.5M$1.5M$22K$111K 990 PDF
FY2023 $1.4M$1.4M−$46K$89K 990 PDF
FY2022 $1.5M$1.5M−$19K$134K 990 PDF
FY2021 $1.3M$1.3M$39K$153K 990 PDF
FY2020 $1.2M$1.2M$9K$114K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,481,909 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,356,105$1,481,909
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,356,105$1,481,909
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $366,482$516,218
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,035,167$943,732
I-18 Total expensesPrior year $1,401,649$1,459,950
I-19 Revenue less expensesPrior year −$45,544$21,959
Part VI · Governance 15 of 16 board members independent, 2 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,481,909 across 3 lines filed
VIII-1f All other contributions, gifts and grants$1,481,909
VIII-1h Total contributions, gifts and grants$1,481,909
VIII-12 Total revenue$1,481,909
Part IX · Statement of functional expenses $1,459,950 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $52,500 · Management $22,500$75,000
IX-7 Other salaries and wagesPrograms $381,194 · Management $55,504$436,698
IX-10 Payroll taxesPrograms $3,164 · Management $1,356$4,520
IX-11g Other fees for servicesPrograms $5,197 · Management $578$5,775
IX-12 Advertising and promotionPrograms $4,036 · Management $449$4,485
IX-13 Office expensesPrograms $6,556 · Management $729$7,285
IX-14 Information technologyPrograms $3,497$3,497
IX-16 OccupancyPrograms $20,323 · Management $2,258$22,581
IX-17 TravelPrograms $66,436$66,436
IX-19 Conferences, conventions and meetingsPrograms $253$253
IX-20 InterestPrograms $243$243
IX-22 Depreciation, depletion and amortizationManagement $253$253
IX-23 InsurancePrograms $2,493$2,493
IX-24 Other expenses (24a–d)Programs $812,344 · Management $10$812,354
IX-24e All other expensesPrograms $18,067 · Management $10$18,077
IX-25 Total functional expensesPrograms $1,376,303 · Management $83,647 · Fundraising $0$1,459,950
Part X · Balance sheet $136,051 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $157,256$135,519
X-10c Land, buildings and equipment, netStart of year $785$532
X-16 Total assetsStart of year $158,041$136,051
X-17 Accounts payable and accrued expensesStart of year $9,488$9,455
X-19 Deferred revenue$16,084
X-26 Total liabilitiesStart of year $69,488$25,539
X-32 Total net assets or fund balancesStart of year $88,553$110,512
X-33 Total liabilities and net assetsStart of year $158,041$136,051
Part XI · Reconciliation of net assets $110,512 net assets at year end
XI-1 Total revenue$1,481,909
XI-2 Total expenses$1,459,950
XI-3 Revenue less expenses$21,959
XI-4 Net assets at start of year$88,553
XI-10 Net assets at end of year$110,512

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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