Renewed Hope Foundation Inc

Analysis

Renewed Hope Foundation Inc is a registered charity in United States, based in Casper, WY. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Renewed Hope Foundation Inc reported income of $588k and spending of $596k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $331k to $588k (+77%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Renewed Hope Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within WY. Charities of a similar size with the same main cause include Beth Israel Hospital Obstetrics & Gynecology Foundation Inc ($587k), Coulee Council on Addictions Inc ($588k) and Grace River Christian Counseling and Medical Group Inc ($587k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $78k (13% of expenses). Other salaries and wages came to $434k. At year end it held assets of $97k against liabilities of $0, net assets of $97k. It reported 28 employees.