Family Renew Community Inc

Analysis

Family Renew Community Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in August 1990, 36 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 2022, Family Renew Community Inc reported income of $665k and spending of $834k, spending 126% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $740k to $665k (-10%), an average of -3.5% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Family Renew Community Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Dupage Homeownership Center Inc ($664k), Olympic RHF Housing Inc ($665k) and Presbyterian Villas of Lehigh Inc ($664k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 119% of the total. Compensation of current officers, directors and key employees was $114k (14% of expenses). Other salaries and wages came to $273k. At year end it held assets of $1.5m against liabilities of $197k, net assets of $1.3m. It reported 16 employees.