Renmen Foundation Inc

Analysis

Renmen Foundation Inc is a registered charity in United States, based in Miramar, FL. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Renmen Foundation Inc reported income of $108k and spending of $104k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $108k (+81%), an average of +81% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 143% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Renmen Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include Priest Lake Food Bank Corp ($108k), Seasons Village Inc ($108k) and On Angels Wings ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $106k against liabilities of $71k, net assets of $35k.