World Renew

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 4/7/2021. To update the information in this column, please email: info@ministrywatch.com


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
1700 28th Street SE
Grand Rapids, MI 49508-1407

Website: www.worldrenew.net

Phone: (616) 224-0740

Email: info@worldrenew.net


Organization details

EIN: 381708140

CEO/President: Carol Bremer-Bennett / Ida Kaastra-Mutoigo

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

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating967 of 99976 of 82
Fund acquisition rating961 of 100179 of 82
Resource allocation rating843 of 100172 of 82
Asset utilization rating805 of 99960 of 82

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%19%10%10%10%9%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%18%9%10%9%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%95%96%96%94%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%15%12%13%10%11%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%5%4%4%6%1%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%78%83%82%85%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%118%79%77%92%81%
Program output ratio Program output ratio =
Program services /
Total revenue
83%93%66%63%78%66%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%-18%21%23%8%19%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%-9%11%14%5%14%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%6%5%5%5%8%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.630.520.400.450.560.56
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.281.191.221.201.181.19
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.570.620.480.540.660.67
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.0962.0040.6043.7129.0026.88
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.020.020.020.030.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
3.5318.9324.2421.5217.5817.29
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
13%9%3%2%4%3%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
52%174%245%216%172%173%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$16,724,653$17,687,152$13,925,470$10,832,445$9,883,718
Receivables, inventories, prepaids$1,170,760$1,267,773$1,737,830$1,771,027$2,128,745
Short-term investments$9,453,604$8,888,628$8,445,722$7,895,426$7,148,483
Other current assets$0$0$0$0$0
Total current assets$27,349,017$27,843,553$24,109,022$20,498,898$19,160,946
Long-term investments$24,963$29,535$32,697$33,894$35,058
Fixed assets$470,498$481,515$418,411$366,899$371,650
Other long-term assets$4,824,507$5,502,803$4,451,298$3,240,351$3,311,135
Total long-term assets$5,319,968$6,013,853$4,902,406$3,641,144$3,717,843
Total assets$32,668,985$33,857,406$29,011,428$24,140,042$22,878,789
 
Liabilities20202019201820172016
Payables and accrued expenses$441,140$543,633$460,883$607,852$555,752
Other current liabilities$0$142,106$90,637$98,976$157,129
Total current liabilities$441,140$685,739$551,520$706,828$712,881
Debt$0$0$0$0$0
Due to (from) affiliates$2,354,076$176,213$78,663$225,072$76,455
Other long-term liabilities$195,446$0$0$0$0
Total long-term liabilities$2,549,522$176,213$78,663$225,072$76,455
Total liabilities$2,990,662$861,952$630,183$931,900$789,336
 
Net assets20202019201820172016
Without donor restrictions$17,347,423$20,296,762$16,888,406$16,794,255$15,504,951
With donor restrictions$12,330,900$12,698,692$11,492,839$6,413,887$6,584,502
Net assets$29,678,323$32,995,454$28,381,245$23,208,142$22,089,453
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$13,715,888$16,370,507$16,451,436$13,860,864$15,639,783
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$701,416$637,998$648,867$839,480$170,804
Other revenue$0$0$0$0$0
Total other revenue$701,416$637,998$648,867$839,480$170,804
Total revenue$14,417,304$17,008,505$17,100,303$14,700,344$15,810,587
 
Expenses20202019201820172016
Program services$13,378,149$11,164,119$10,797,941$11,517,998$10,428,097
Management and general$1,037,782$725,215$692,421$633,636$1,016,198
Fundraising$2,640,208$1,556,467$1,647,785$1,359,237$1,360,712
Total expenses$17,056,139$13,445,801$13,138,147$13,510,871$12,805,007
 
Change in net assets20202019201820172016
Surplus (deficit)($2,638,835)$3,562,704$3,962,156$1,189,473$3,005,580
Other changes in net assets($678,296)$1,051,505$1,210,947($70,784)($427,332)
Total change in net assets($3,317,131)$4,614,209$5,173,103$1,118,689$2,578,248

Compensation

NameTitleCompensation
Carol Bremer-BennettExecutive Director$182,180

Compensation data as of: 6/30/2020


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 4/7/2021. To update the information below, please email: info@ministrywatch.com


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.