Family Assistance for Renaissance Men

Analysis

Family Assistance for Renaissance Men is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Family Assistance for Renaissance Men reported income of $789k and spending of $708k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $253k to $789k (+212%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Assistance for Renaissance Men sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include The Radiance Foundation Incorporated ($789k), Nac Development Corporation ($789k) and Academic Surgical Congress LLC ($789k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (11% of expenses). Other salaries and wages came to $145k. At year end it held assets of $319k against liabilities of $53k, net assets of $266k. It reported 8 employees.