Neighborhood Renaissance Inc

Analysis

Neighborhood Renaissance Inc is a registered charity in United States, based in West Palm Beach, FL. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2021, Neighborhood Renaissance Inc reported income of $1.2m and spending of $1.2m, spending 95% of its income. Across the 3 years on record, from September 2019 to September 2021, income grew from $1.2m to $1.2m (+4.6%), an average of +2.3% a year. The sharpest change came in the year to September 2020, when income rose by 23%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Neighborhood Renaissance 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 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Womens Employment Network ($1.2m), Harrison Center for Career Education ($1.2m) and Our Upstate-Sc ($1.2m).

On its Form 990 for the period ending September 2021, revenue came from contributions and grants 51% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $106k (9.2% of expenses). Other salaries and wages came to $307k. At year end it held assets of $20.8m against liabilities of $5.8m, net assets of $15.0m. It reported 7 employees.