Renacer Inc

Analysis

Renacer Inc is a registered charity in United States, based in Lawrenceville, GA. It received its IRS tax-exemption ruling in December 2016, 10 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, Renacer Inc reported income of $93k and spending of $104k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $103k to $93k (-10.0%), an average of -10% a year. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Renacer Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within GA. Charities of a similar size with the same main cause include Foundation 1023 ($93k), Forever Families Adoption Services Inc ($93k) and Community Food Bank of Franklin County ($93k).

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 $27k against liabilities of $0, net assets of $27k.