Renewal House Inc

Analysis

Renewal House Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Renewal House Inc reported income of $5.6m and spending of $2.8m, leaving 50% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $5.6m (+154%), an average of +26% a year. The sharpest change came in the year to June 2020, when income rose by 44%. Over the whole period it spent 49% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Renewal House Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within TN. Charities of a similar size with the same main cause include Forsyth Medical Center Foundation ($5.6m), HB Rehabilitative Services Inc ($5.6m) and Highland District Hospital Professional Services Corporation ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $215k (7.6% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $22.2m against liabilities of $6.8m, net assets of $15.4m. It reported 40 employees.