The Renewed Hope

Analysis

The Renewed Hope is a registered charity in United States, based in Allegan, MI. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, The Renewed Hope reported income of $59k and spending of $32k, leaving 47% of income unspent that year. Across the 6 years on record, from May 2018 to May 2023, income fell from $167k to $59k (-64%), an average of -19% a year. The sharpest change came in the year to May 2019, when income rose by 331%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Renewed Hope sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within MI. Charities of a similar size with the same main cause include United Community Development of North Carolina ($59k), Ibew 1393 Charity Foundation ($59k) and Trinity Foundation of Florida Inc ($59k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.