Hardesty Renaissance Economic Development Corporation
EIN: 453190226 · New York, NY · NTEE: S30
| Metric | Value |
|---|---|
| Total Revenue | $7.9M |
| Total Expenses | $288K |
| Net Assets | $-2,646,025 |
Is Hardesty Renaissance Economic Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hardesty Renaissance Economic Development Corporation
Hardesty Renaissance Economic Development Corporation (EIN: 453190226) is a nonprofit organization based in New York, NY, classified under NTEE code S30. The organization reported total revenue of $7.9M and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hardesty Renaissance Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hardesty Renaissance Economic Development Corporation is a mid-size nonprofit that has been operating for 14 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $648 |
| Total Expenses | $288K |
| Surplus / Deficit | $-287,177 |
| Total Assets | $4.6M |
| Total Liabilities | $7.2M |
| Net Assets | $-2,646,025 |
| Operating Margin | -44317.4% |
| Debt-to-Asset Ratio | 157.8% |
| Months of Reserves | 190.9 months |
Financial Health Grade: C
In 2023, Hardesty Renaissance Economic Development Corporation reported a deficit of $287K with expenses exceeding revenue, holds 190.9 months of operating reserves (strong position), has a debt-to-asset ratio of 157.8% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.8% | +67.7% | -0.4% |
| 2022 | -99.3% | -21.9% | +0.4% |
| 2020 | -100.0% | +80.3% | +57.2% |
| 2019 | -97.9% | -68.1% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hardesty Renaissance Economic Development Corporation 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 Hardesty Renaissance Economic Development Corporation 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 deficit of $287K, with expenses exceeding revenue.
- Debt-to-asset ratio: 157.8%.
Frequently Asked Questions about Hardesty Renaissance Economic Development Corporation
Is Hardesty Renaissance Economic Development Corporation a legitimate charity?
Hardesty Renaissance Economic Development Corporation (EIN: 453190226) is a registered tax-exempt nonprofit based in New York. It has 13 years of IRS 990 filings on record. Total revenue: $7.9M. No red flags identified. Financial health grade: C.
How does Hardesty Renaissance Economic Development Corporation spend its money?
Hardesty Renaissance Economic Development Corporation reported $7.9M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hardesty Renaissance Economic Development Corporation tax-deductible?
Hardesty Renaissance Economic Development Corporation is registered as a tax-exempt nonprofit (EIN: 453190226). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hardesty Renaissance Economic Development Corporation located?
Hardesty Renaissance Economic Development Corporation is headquartered in New York, New York and files with the IRS under EIN 453190226. It is classified under NTEE code S30.
How many years of IRS 990 filings does Hardesty Renaissance Economic Development Corporation have?
Hardesty Renaissance Economic Development Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.9M in total revenue.
Filing History
IRS 990 filing history for Hardesty Renaissance Economic Development Corporation showing financial trends over 13 years of public records:
Total assets increased by 764.4% over the same period, from $530K to $4.6M. Total functional expenses rose by 522.6%, from $46K to $288K. In its most recent filing year (2023), Hardesty Renaissance Economic Development Corporation reported a deficit of $287K, with expenses exceeding revenue. The organization holds $7.2M in liabilities against $4.6M in assets (debt-to-asset ratio: 157.8%), resulting in net assets of $-2,646,025.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $648 | $288K | $4.6M | $7.2M | — | — |
| 2022 | $1K | $172K | $4.6M | $7.0M | — | — |
| 2021 | $201K | $220K | $4.6M | $6.8M | — | View 990 |
| 2020 | $0 | $407K | $4.8M | $7.0M | — | — |
| 2019 | $760 | $226K | $3.0M | $4.8M | — | View 990 |
| 2018 | $37K | $708K | $3.1M | $4.7M | — | View 990 |
| 2017 | $349K | $741K | $3.3M | $4.2M | — | — |
| 2016 | $112K | $470K | $1.9M | $2.5M | — | View 990 |
| 2015 | $621K | $198K | $1.8M | $2.0M | — | View 990 |
| 2014 | $114K | $221K | $1.1M | $1.7M | — | View 990 |
| 2013 | $56K | $328K | $632K | $1.1M | — | View 990 |
| 2012 | $18K | $187K | $563K | $778K | — | View 990 |
| 2011 | $0 | $46K | $530K | $576K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $648, expenses of $288K, and assets of $4.6M (revenue -50.8% year-over-year).
- 2022: Revenue of $1K, expenses of $172K, and assets of $4.6M (revenue -99.3% year-over-year).
- 2021: Revenue of $201K, expenses of $220K, and assets of $4.6M.
- 2020: Revenue of $0, expenses of $407K, and assets of $4.8M (revenue -100.0% year-over-year).
- 2019: Revenue of $760, expenses of $226K, and assets of $3.0M (revenue -97.9% year-over-year).
- 2018: Revenue of $37K, expenses of $708K, and assets of $3.1M (revenue -89.5% year-over-year).
- 2017: Revenue of $349K, expenses of $741K, and assets of $3.3M (revenue +210.5% year-over-year).
- 2016: Revenue of $112K, expenses of $470K, and assets of $1.9M (revenue -81.9% year-over-year).
- 2015: Revenue of $621K, expenses of $198K, and assets of $1.8M (revenue +446.5% year-over-year).
- 2014: Revenue of $114K, expenses of $221K, and assets of $1.1M (revenue +103.2% year-over-year).
- 2013: Revenue of $56K, expenses of $328K, and assets of $632K (revenue +212.0% year-over-year).
- 2012: Revenue of $18K, expenses of $187K, and assets of $563K.
- 2011: Revenue of $0, expenses of $46K, and assets of $530K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hardesty Renaissance Economic Development Corporation:
Data Sources and Methodology
This transparency report for Hardesty Renaissance Economic Development Corporation 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.