Renewed Hope Charitable Foundation

Analysis

Renewed Hope Charitable Foundation is a registered charity in United States, based in Castle Rock, CO. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Renewed Hope Charitable Foundation reported income of $116k and spending of $101k, spending 87% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $68k to $116k (+70%), an average of +70% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 95% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Renewed Hope Charitable Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 37th percentile within CO. Charities of a similar size with the same main cause include Foundation for Education in Honduras ($116k), Global QRF ($116k) and International Culture Exchange Association ($116k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.