Newark Renaissance House Foudation Inc
Newark Renaissance House Foundation Inc. consistently operates at a deficit, with assets declining over nine years.
EIN: 20537332 · Newark, NJ · NTEE: P02 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $507K |
| Total Expenses | $747K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $500,000 |
| Net Assets | $-467,712 |
| Transparency Score | 45/100 |
Is Newark Renaissance House Foudation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Newark Renaissance House Foudation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Newark Renaissance House Foudation Inc
Newark Renaissance House Foudation Inc (EIN: 20537332) is a nonprofit organization based in Newark, NJ, classified under NTEE code P02. The organization reported total revenue of $507K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newark Renaissance House Foudation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newark Renaissance House Foudation Inc is a small nonprofit that has been operating for 23 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $507K |
| Total Expenses | $747K |
| Surplus / Deficit | $-239,720 |
| Total Assets | $2.6M |
| Total Liabilities | $3.0M |
| Net Assets | $-467,712 |
| Operating Margin | -47.3% |
| Debt-to-Asset Ratio | 118.2% |
| Months of Reserves | 41.2 months |
Financial Health Grade: C
In 2019, Newark Renaissance House Foudation Inc reported a deficit of $240K with expenses exceeding revenue, holds 41.2 months of operating reserves (strong position), has a debt-to-asset ratio of 118.2% (high leverage).
Financial Trends
Over 9 years of filings (2011–2019), Newark Renaissance House Foudation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -0.5% | -0.9% | -9.9% |
| 2018 | +4.3% | +22.0% | -7.0% |
| 2017 | -11.1% | -21.8% | -6.3% |
| 2016 | +29.6% | +25.3% | -6.7% |
| 2015 | +10.8% | -14.1% | -8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Newark Renaissance House Foudation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Newark Renaissance House Foudation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $240K, with expenses exceeding revenue.
- Debt-to-asset ratio: 118.2%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all nine filings, which is unusual for an organization with over $500,000 in annual revenue and suggests either a fully volunteer executive leadership or compensation being reported under other expense categories, warranting further investigation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Newark Renaissance House Foudation Inc's IRS 990 filings:
- Consistent operating deficits for nine consecutive years (e.g., $506,793 revenue vs. $746,513 expenses in 2019).
- Steady decline in total assets from $4,338,840 in 2011 to $2,565,508 in 2019.
- Liabilities frequently exceed assets, indicating potential solvency issues (e.g., $3,033,220 liabilities vs. $2,565,508 assets in 2019).
- Lack of reported officer compensation across all filings, which could mask executive remuneration or indicate an unsustainable reliance on unpaid leadership for an organization of this size.
Strengths
The following positive indicators were identified for Newark Renaissance House Foudation Inc:
- Consistent filing of IRS Form 990s, indicating a commitment to regulatory transparency.
- No reported officer compensation, which could suggest a focus on directing funds to programs, assuming other compensation is not excessive.
Frequently Asked Questions about Newark Renaissance House Foudation Inc
Is Newark Renaissance House Foudation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Newark Renaissance House Foudation Inc (EIN: 20537332) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Newark Renaissance House Foudation Inc spend its money?
Newark Renaissance House Foudation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Newark Renaissance House Foudation Inc tax-deductible?
Newark Renaissance House Foudation Inc is registered as a tax-exempt nonprofit (EIN: 20537332). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Newark Renaissance House Foudation Inc CEO make?
Newark Renaissance House Foudation Inc's highest-compensated officer earns $500,000 annually. The organization reported $507K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Newark Renaissance House Foudation Inc's spending goes to programs?
Newark Renaissance House Foudation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Newark Renaissance House Foudation Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Newark Renaissance House Foudation Inc is near average for NTEE category P02 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Newark Renaissance House Foudation Inc located?
Newark Renaissance House Foudation Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 20537332. It is classified under NTEE code P02.
How many years of IRS 990 filings does Newark Renaissance House Foudation Inc have?
Newark Renaissance House Foudation Inc has 9 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 $507K in total revenue.
Is Newark Renaissance House Foundation Inc. financially sustainable?
Based on the provided data, the organization has consistently operated at a deficit for nine years, with expenses exceeding revenue in every reported period. This trend, coupled with declining assets and liabilities often exceeding assets, raises significant concerns about its long-term financial sustainability.
Why are the organization's assets declining?
The organization's assets have steadily declined from $4,338,840 in 2011 to $2,565,508 in 2019. This decline is directly attributable to the consistent operating deficits, where annual expenses have exceeded revenues, forcing the organization to draw down its reserves or incur more liabilities.
What is the organization's plan to address its recurring deficits?
The provided IRS 990 data does not detail the organization's strategies to address its recurring deficits. A consistent pattern of expenses exceeding revenue (e.g., $746,513 expenses vs. $506,793 revenue in 2019) indicates a need for a clear plan to either increase revenue or reduce expenses to achieve financial stability.
How does the organization manage its liabilities?
The organization's liabilities have remained substantial, often exceeding its assets (e.g., $3,033,220 liabilities vs. $2,565,508 assets in 2019). This suggests a reliance on debt or other obligations, which could pose a risk to its financial health if not managed effectively.
Filing History
IRS 990 filing history for Newark Renaissance House Foudation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Newark Renaissance House Foudation Inc's revenue has declined by 14.5%, moving from $593K to $507K. Total assets decreased by 40.9% over the same period, from $4.3M to $2.6M. Total functional expenses rose by 17%, from $638K to $747K. In its most recent filing year (2019), Newark Renaissance House Foudation Inc reported a deficit of $240K, with expenses exceeding revenue. The organization holds $3.0M in liabilities against $2.6M in assets (debt-to-asset ratio: 118.2%), resulting in net assets of $-467,712.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $507K | $747K | $2.6M | $3.0M | — | View 990 |
| 2018 | $510K | $753K | $2.8M | $3.1M | — | View 990 |
| 2017 | $489K | $618K | $3.1M | $3.0M | — | View 990 |
| 2016 | $550K | $790K | $3.3M | $3.1M | — | View 990 |
| 2015 | $424K | $631K | $3.5M | $3.1M | — | View 990 |
| 2014 | $383K | $735K | $3.8M | $3.2M | — | View 990 |
| 2013 | $427K | $495K | $4.0M | $3.0M | — | View 990 |
| 2012 | $418K | $527K | $4.2M | $3.1M | — | View 990 |
| 2011 | $593K | $638K | $4.3M | $3.2M | — | — |
Year-by-Year Financial Summary
- 2019: Revenue of $507K, expenses of $747K, and assets of $2.6M (revenue -0.5% year-over-year).
- 2018: Revenue of $510K, expenses of $753K, and assets of $2.8M (revenue +4.3% year-over-year).
- 2017: Revenue of $489K, expenses of $618K, and assets of $3.1M (revenue -11.1% year-over-year).
- 2016: Revenue of $550K, expenses of $790K, and assets of $3.3M (revenue +29.6% year-over-year).
- 2015: Revenue of $424K, expenses of $631K, and assets of $3.5M (revenue +10.8% year-over-year).
- 2014: Revenue of $383K, expenses of $735K, and assets of $3.8M (revenue -10.4% year-over-year).
- 2013: Revenue of $427K, expenses of $495K, and assets of $4.0M (revenue +2.2% year-over-year).
- 2012: Revenue of $418K, expenses of $527K, and assets of $4.2M (revenue -29.5% year-over-year).
- 2011: Revenue of $593K, expenses of $638K, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newark Renaissance House Foudation Inc:
Data Sources and Methodology
This transparency report for Newark Renaissance House Foudation Inc 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.