Renu Hope Foundation

Analysis

Renu Hope Foundation is a registered charity in United States, based in Beaumont, CA. It received its IRS tax-exemption ruling in October 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Renu Hope Foundation reported income of $15.3m and spending of $14.3m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.8m to $15.3m (+56%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Renu Hope Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Citizens Leadership Academy East ($15.3m), Montclair State University Foundation Inc ($15.3m) and Renaissance Charter School ($15.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $300k (2.1% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $9.2m against liabilities of $7.0m, net assets of $2.2m. It reported 118 employees.