Friends Of Project Renew
EIN: 275239667 · Mclean, VA · NTEE: Q33
| Metric | Value |
|---|---|
| Total Revenue | $189K |
| Total Expenses | $120K |
| Net Assets | $120K |
Is Friends Of Project Renew Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friends Of Project Renew
Friends Of Project Renew (EIN: 275239667) is a nonprofit organization based in Mclean, VA, classified under NTEE code Q33. The organization reported total revenue of $189K and total assets of $259K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Project Renew's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Project Renew is a small nonprofit that has been operating for 15 years, with 4 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $152K |
| Total Expenses | $120K |
| Surplus / Deficit | +$32K |
| Total Assets | $178K |
| Total Liabilities | $58K |
| Net Assets | $120K |
| Operating Margin | 21.4% |
| Debt-to-Asset Ratio | 32.7% |
| Months of Reserves | 17.9 months |
Financial Health Grade: A
In 2023, Friends Of Project Renew reported a surplus of $32K with revenue exceeding expenses, holds 17.9 months of operating reserves (strong position), has a debt-to-asset ratio of 32.7% (moderate leverage).
Financial Trends
Over 4 years of filings (2012–2023), Friends Of Project Renew's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.4% | +63.7% | +6.1% |
| 2022 | +25.3% | -54.8% | +29.9% |
| 2021 | +85.1% | +117.7% | +1760.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friends Of Project Renew has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Project Renew with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $32K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.7%.
Frequently Asked Questions about Friends Of Project Renew
Is Friends Of Project Renew a legitimate charity?
Friends Of Project Renew (EIN: 275239667) is a registered tax-exempt nonprofit based in Virginia. It has 4 years of IRS 990 filings on record. Total revenue: $189K. No red flags identified. Financial health grade: A.
How does Friends Of Project Renew spend its money?
Friends Of Project Renew reported $189K in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Friends Of Project Renew tax-deductible?
Friends Of Project Renew is registered as a tax-exempt nonprofit (EIN: 275239667). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends Of Project Renew located?
Friends Of Project Renew is headquartered in Mclean, Virginia and files with the IRS under EIN 275239667. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Friends Of Project Renew have?
Friends Of Project Renew has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $189K in total revenue.
Filing History
IRS 990 filing history for Friends Of Project Renew showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2012–2023), Friends Of Project Renew's revenue has grown by 117.2%, moving from $70K to $152K. Total assets increased by 2464.3% over the same period, from $7K to $178K. Total functional expenses rose by 61.2%, from $74K to $120K. In its most recent filing year (2023), Friends Of Project Renew reported a surplus of $32K, with revenue exceeding expenses. The organization holds $58K in liabilities against $178K in assets (debt-to-asset ratio: 32.7%), resulting in net assets of $120K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $152K | $120K | $178K | $58K | — | — |
| 2022 | $162K | $73K | $168K | $81K | — | — |
| 2021 | $130K | $161K | $129K | $131K | — | — |
| 2012 | $70K | $74K | $7K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $152K, expenses of $120K, and assets of $178K (revenue -6.4% year-over-year).
- 2022: Revenue of $162K, expenses of $73K, and assets of $168K (revenue +25.3% year-over-year).
- 2021: Revenue of $130K, expenses of $161K, and assets of $129K (revenue +85.1% year-over-year).
- 2012: Revenue of $70K, expenses of $74K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Project Renew:
Data Sources and Methodology
This transparency report for Friends Of Project Renew is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.