Operation Renewed Hope Foundation

Analysis

Operation Renewed Hope Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Operation Renewed Hope Foundation reported income of $1.5m and spending of $1.3m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+41%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Operation Renewed Hope Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Rainbow Hil Apartments Incorporated ($1.5m), Commcare Tangipahoa ($1.5m) and Fair Housing Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $114k (8.9% of expenses). Other salaries and wages came to $503k. It paid $1,616 in professional fundraising fees. At year end it held assets of $2.5m against liabilities of $922k, net assets of $1.6m. It reported 19 employees.