Renew the Hope Inc

Analysis

Renew the Hope Inc is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in September 2003, 23 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, Renew the Hope Inc reported income of $640k and spending of $669k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $497k to $640k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Renew the Hope Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Lions Club of Pearland Inc ($640k), Lake Mills Family Center ($640k) and Central Florida Down Syndrome Association Inc ($640k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $155k against liabilities of $0, net assets of $155k.