Renewing Community Inc

Analysis

Renewing Community Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in May 2022, 4 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 December 2023, Renewing Community Inc reported income of $96k and spending of $121k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $114k to $96k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Renewing Community Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include Fund for Jobs Worth Owning Inc ($96k), Miraloma Park Improvement Club ($96k) and Watertown Main Street Program Inc ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,716 against liabilities of $750, net assets of $5,966.