Renew Communities NFP

Analysis

Renew Communities NFP is a registered charity in United States, based in Lake Forest, IL. It received its IRS tax-exemption ruling in August 2017, 9 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 Communities NFP reported income of $1.1m and spending of $641k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.1m (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 32% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Renew Communities NFP sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include The Place4grace ($1.1m), Hospitality House for Women Inc ($1.1m) and Assistance League of Santa Ana ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 114% of the total. Compensation of current officers, directors and key employees was $7,500 (1.2% of expenses). Other salaries and wages came to $267k. At year end it held assets of $4.0m against liabilities of $112k, net assets of $3.9m. It reported 13 employees.