Renacer Social Corp

Analysis

Renacer Social Corp is a registered charity in United States, based in Cidra, PR. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Renacer Social Corp reported income of $341k and spending of $341k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $400k to $341k (-15%), an average of -15% a year. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Renacer Social Corp sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 47th percentile within PR. Charities of a similar size with the same main cause include Redemption House Ministries ($341k), American Friends-International Young Israel Movement Inc ($341k) and Alabama Association of Nonprofits ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $99k (29% of expenses). Other salaries and wages came to $72k. At year end it held assets of $181k against liabilities of $89k, net assets of $92k. It reported 11 employees.