Renovatus

Analysis

Renovatus is a registered charity in United States, based in Jefferson Cty, TN. It received its IRS tax-exemption ruling in June 2013, 13 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, Renovatus reported income of $157k and spending of $154k, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $138k to $157k (+14%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Renovatus sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within TN. Charities of a similar size with the same main cause include Friendship Senior Options Foundation NFP ($157k), Wake County Opportunities Housing Corporation ($157k) and Wings for Women ($156k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 2.9% of the total. At year end it held assets of $136k against liabilities of $1,961, net assets of $134k.