Newark Renaissance House Inc
Newark Renaissance House Inc: Consistent Revenue, High Program Spending
EIN: 222086047 · Newark, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $4.3M |
| Program Spending | 85% |
| Net Assets | $895K |
| Transparency Score | 75/100 |
Is Newark Renaissance House Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Newark Renaissance House Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Newark Renaissance House Inc
Newark Renaissance House Inc (EIN: 222086047) is a nonprofit organization based in Newark, NJ. The organization reported total revenue of $4.0M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newark Renaissance House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newark Renaissance House Inc is a mid-size nonprofit that has been operating for 47 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.0M |
| Total Expenses | $4.3M |
| Surplus / Deficit | $-280,476 |
| Total Assets | $1.8M |
| Total Liabilities | $928K |
| Net Assets | $895K |
| Operating Margin | -7.0% |
| Debt-to-Asset Ratio | 50.9% |
| Months of Reserves | 5.1 months |
Financial Health Grade: C
In 2019, Newark Renaissance House Inc reported a deficit of $280K with expenses exceeding revenue, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 50.9% (high leverage).
Financial Trends
Over 9 years of filings (2011–2019), Newark Renaissance House Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -11.6% | -5.4% | +3.5% |
| 2018 | +1.8% | +2.5% | +6.5% |
| 2017 | -1.3% | -1.9% | +0.4% |
| 2016 | +10.1% | +9.3% | -2.7% |
| 2015 | +5.4% | +3.9% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Newark Renaissance House Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $280K, with expenses exceeding revenue.
- Debt-to-asset ratio: 50.9%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries.
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.
Strengths
The following positive indicators were identified for Newark Renaissance House Inc:
- Consistently high program spending, with 85% of expenses dedicated to programs in the most recent filing.
- Stable revenue generation over the past several years, indicating consistent funding and operational capacity.
- Healthy asset base of $1,822,892 in 2019, providing financial stability.
Frequently Asked Questions about Newark Renaissance House Inc
Is Newark Renaissance House Inc a legitimate charity?
Newark Renaissance House Inc (EIN: 222086047) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 9 years of IRS 990 filings on record. Total revenue: $4.0M. No red flags identified. 3 strengths noted. Financial health grade: C.
How does Newark Renaissance House Inc spend its money?
Newark Renaissance House Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Newark Renaissance House Inc tax-deductible?
Newark Renaissance House Inc is registered as a tax-exempt nonprofit (EIN: 222086047). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Newark Renaissance House Inc's spending goes to programs?
Newark Renaissance House Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Newark Renaissance House Inc located?
Newark Renaissance House Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 222086047.
How many years of IRS 990 filings does Newark Renaissance House Inc have?
Newark Renaissance House 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 $4.0M in total revenue.
What does Newark Renaissance House Inc do?
Newark Renaissance House Inc is a nonprofit organization in the Unknown sector, located in Newark, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Newark Renaissance House Inc have?
Newark Renaissance House Inc reported total revenue of $4,010,326. Based on 9 IRS 990 filings on record.
What are Newark Renaissance House Inc's total assets?
Newark Renaissance House Inc holds total assets of $1,822,892 as reported in IRS 990 filings.
Where is Newark Renaissance House Inc located?
Newark Renaissance House Inc is based in Newark, New Jersey.
What is Newark Renaissance House Inc's EIN?
Newark Renaissance House Inc's Employer Identification Number (EIN) is 222086047. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Newark Renaissance House Inc?
Newark Renaissance House Inc is classified under NTEE code Unknown (Unknown).
Is Newark Renaissance House Inc a registered 501(c)(3)?
Newark Renaissance House Inc appears in IRS records (EIN: 222086047). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Newark Renaissance House Inc file IRS Form 990?
Yes, Newark Renaissance House Inc has 9 IRS Form 990 filings on record. The most recent covers tax period 201908.
What was Newark Renaissance House Inc's revenue in 2019?
In the 201908 filing period, Newark Renaissance House Inc reported total revenue of $4,010,326, total expenses of $4,290,802, and net assets of $1,822,892.
Is Newark Renaissance House Inc's revenue growing or declining?
Newark Renaissance House Inc's revenue is declining. Revenue went from $4,538,185 (201808) to $4,010,326 (201908), a -11.6% change. Based on 9 filings on record.
What is Newark Renaissance House Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Newark Renaissance House Inc covers tax period 201908. It shows revenue of $4,010,326, expenses of $4,290,802, total assets of $1,822,892, and liabilities of $927,858.
How much does Newark Renaissance House Inc spend on programs vs administration?
Based on IRS 990 analysis, Newark Renaissance House Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Newark Renaissance House Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Newark Renaissance House Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Newark Renaissance House Inc's strengths?
Positive indicators for Newark Renaissance House Inc include: Consistently high program spending, with 85% of expenses dedicated to programs in the most recent filing.. Stable revenue generation over the past several years, indicating consistent funding and operational capacity.. Healthy asset base of $1,822,892 in 2019, providing financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Newark Renaissance House Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Newark Renaissance House Inc managed to maintain such a high percentage of program spending consistently?
The organization appears to have efficient operational management and effective fundraising strategies that minimize overhead, allowing a significant portion of its budget to directly support its mission.
Filing History
IRS 990 filing history for Newark Renaissance House Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Newark Renaissance House Inc's revenue has grown by 3.6%, moving from $3.9M to $4.0M. Total assets increased by 14.7% over the same period, from $1.6M to $1.8M. Total functional expenses rose by 11.8%, from $3.8M to $4.3M. In its most recent filing year (2019), Newark Renaissance House Inc reported a deficit of $280K, with expenses exceeding revenue. The organization holds $928K in liabilities against $1.8M in assets (debt-to-asset ratio: 50.9%), resulting in net assets of $895K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $4.0M | $4.3M | $1.8M | $928K | — | View 990 |
| 2018 | $4.5M | $4.5M | $1.8M | $586K | — | View 990 |
| 2017 | $4.5M | $4.4M | $1.7M | $443K | — | View 990 |
| 2016 | $4.5M | $4.5M | $1.6M | $471K | — | View 990 |
| 2015 | $4.1M | $4.1M | $1.7M | $491K | — | View 990 |
| 2014 | $3.9M | $4.0M | $1.7M | $468K | — | View 990 |
| 2013 | $3.9M | $3.9M | $1.6M | $340K | — | View 990 |
| 2012 | $3.9M | $3.9M | $1.5M | $271K | — | View 990 |
| 2011 | $3.9M | $3.8M | $1.6M | $289K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $4.0M, expenses of $4.3M, and assets of $1.8M (revenue -11.6% year-over-year).
- 2018: Revenue of $4.5M, expenses of $4.5M, and assets of $1.8M (revenue +1.8% year-over-year).
- 2017: Revenue of $4.5M, expenses of $4.4M, and assets of $1.7M (revenue -1.3% year-over-year).
- 2016: Revenue of $4.5M, expenses of $4.5M, and assets of $1.6M (revenue +10.1% year-over-year).
- 2015: Revenue of $4.1M, expenses of $4.1M, and assets of $1.7M (revenue +5.4% year-over-year).
- 2014: Revenue of $3.9M, expenses of $4.0M, and assets of $1.7M (revenue -1.1% year-over-year).
- 2013: Revenue of $3.9M, expenses of $3.9M, and assets of $1.6M (revenue +1.3% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.9M, and assets of $1.5M (revenue +0.4% year-over-year).
- 2011: Revenue of $3.9M, expenses of $3.8M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newark Renaissance House Inc:
Data Sources and Methodology
This transparency report for Newark Renaissance House 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.