Consistent operational deficits for over a decade (e.g., $135,812 deficit in 202306).
Declining total assets over time (from $3.05M in 2014 to $2.33M in 2023).
Increasing liabilities over time (from $1.02M in 2014 to $1.29M in 2023).
Expenses consistently exceeding revenue by a significant margin (e.g., 2023 expenses were 163% of revenue).
Strengths
No reported officer compensation, indicating potential volunteer leadership or highly cost-conscious executive management.
Long operational history with 13 filings, suggesting resilience despite financial challenges.
Spending Breakdown
How Renaissance Court Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Renaissance Court Inc
Is Renaissance Court Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Renaissance Court Inc (EIN: 202344144) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
Is Renaissance Court Inc a good charity to donate to?
Renaissance Court Inc has a Mission Score of 45/100. Revenue: $200K. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Renaissance Court Inc?
The Employer Identification Number (EIN) for Renaissance Court Inc is 202344144. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Renaissance Court Inc spend its money?
Renaissance Court Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Renaissance Court Inc's tax-exempt status?
You can verify Renaissance Court Inc's tax-exempt status using EIN 202344144 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Renaissance Court Inc. appears to be in a challenging financial position, consistently operating at a deficit over the past decade. In the most recent filing (202306), expenses of $351,546 significantly outstripped revenue of $215,734, resulting in a net loss. This trend is consistent across all provided filings, indicating a long-term reliance on existing assets or other non-revenue funding sources to cover operational costs. The organization's assets have steadily declined from $3,053,200 in 2014 to $2,337,750 in 2023, while liabilities have increased from $1,029,806 to $1,298,965 over the same period, further eroding its net asset position.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent operational deficits suggest that current revenue streams are insufficient to sustain its activities. The absence of officer compensation reported across all filings indicates either a volunteer-led executive team or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs. The organization's transparency regarding its financial health could be improved by providing more context around its consistent deficits and how it plans to achieve financial sustainability.
Given the consistent net losses and declining asset base, Renaissance Court Inc. faces significant financial sustainability challenges. While the lack of officer compensation is a positive indicator of cost control at the executive level, the overall financial trend warrants closer scrutiny for potential donors or stakeholders. The organization's ability to continue its mission will depend on its capacity to reverse these financial trends and achieve a more balanced budget.