North Charleston Renaissance Inc
North Charleston Renaissance Inc. shows fluctuating revenues and expenses with zero executive compensation.
EIN: 200011682 · N Charleston, SC · NTEE: L11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $971K |
| Program Spending | 85% |
| Net Assets | $6.7M |
| Transparency Score | 75/100 |
Is North Charleston Renaissance Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Charleston Renaissance Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Charleston Renaissance Inc
North Charleston Renaissance Inc (EIN: 200011682) is a nonprofit organization based in N Charleston, SC, classified under NTEE code L11. The organization reported total revenue of $2.4M and total assets of $20.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Charleston Renaissance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Charleston Renaissance Inc is a mid-size nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $971K |
| Surplus / Deficit | +$31K |
| Total Assets | $9.7M |
| Total Liabilities | $3.0M |
| Net Assets | $6.7M |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 31.0% |
| Months of Reserves | 119.6 months |
Financial Health Grade: A
In 2023, North Charleston Renaissance Inc reported a surplus of $31K with revenue exceeding expenses, holds 119.6 months of operating reserves (strong position), has a debt-to-asset ratio of 31.0% (moderate leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -51.7% | -55.1% | -46.9% |
| 2022 | +103.2% | +148.7% | +37.4% |
| 2021 | +59.5% | +25.3% | +31.0% |
| 2020 | +15.4% | -16.3% | -0.9% |
| 2019 | -26.5% | -47.2% | +17.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
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 North Charleston Renaissance 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, North Charleston Renaissance 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $31K, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries were paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size and asset base.
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 North Charleston Renaissance Inc's IRS 990 filings:
- Unexplained extreme revenue and expense anomaly in 2016 ($7.5M revenue, $70K expenses).
- Consistent 0% officer compensation for an organization with significant assets and operations, which is highly unusual.
- Significant year-over-year fluctuations in revenue and expenses, indicating potential instability or project-based funding cycles that are not clearly explained.
- Expenses exceeding revenue in 2022 ($2,162,487 expenses vs. $2,073,257 revenue), indicating a deficit for that period.
Strengths
The following positive indicators were identified for North Charleston Renaissance Inc:
- Consistent filing of IRS 990s, indicating good transparency.
- Zero reported executive compensation, suggesting funds are not diverted to high salaries.
- Significant asset growth to over $20 million, potentially indicating strong financial backing or successful capital campaigns.
- Positive operating margin in the most recent reported period (2023: $1,001,155 revenue vs. $970,618 expenses).
Frequently Asked Questions about North Charleston Renaissance Inc
Is North Charleston Renaissance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, North Charleston Renaissance Inc (EIN: 200011682) some concerns. Mission Score: 75/100. 4 red flags identified, 4 strengths noted.
How does North Charleston Renaissance Inc spend its money?
North Charleston Renaissance Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North Charleston Renaissance Inc tax-deductible?
North Charleston Renaissance Inc is registered as a tax-exempt nonprofit (EIN: 200011682). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of North Charleston Renaissance Inc's spending goes to programs?
North Charleston Renaissance Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does North Charleston Renaissance Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), North Charleston Renaissance Inc is above average for NTEE category L11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is North Charleston Renaissance Inc located?
North Charleston Renaissance Inc is headquartered in N Charleston, South Carolina and files with the IRS under EIN 200011682. It is classified under NTEE code L11.
How many years of IRS 990 filings does North Charleston Renaissance Inc have?
North Charleston Renaissance 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 $2.4M in total revenue.
What caused the significant revenue spike of $7,584,337 in 2016 and the corresponding low expenses of $70,005?
This anomaly in the 2016 filing suggests a potential one-time grant, asset sale, or reporting error that significantly skewed the financial picture for that period. Further detail from the 990 would be needed to understand this event.
How does North Charleston Renaissance Inc. manage to operate without any reported officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership roles might be entirely volunteer-based, or compensation is reported under different categories, or the organization relies heavily on contracted services rather than salaried executives. This is a rare practice for an organization with over $20 million in assets.
What is the nature of the significant increase in assets from $9.67 million in 2023 to $20.75 million in the latest report?
This substantial asset growth could be due to new property acquisitions, significant investments, or large donations. Understanding the composition of these assets is crucial to assess the organization's long-term stability and mission alignment.
Given the NTEE code L11 (Housing Development, Construction & Management), how do the financial fluctuations align with typical real estate development cycles?
Revenue and expense fluctuations could be tied to specific project timelines, grant cycles for housing initiatives, or the sale/acquisition of properties. A deeper dive into project-specific financial reporting would clarify this alignment.
Filing History
IRS 990 filing history for North Charleston Renaissance Inc showing financial trends over 9 years of public records:
Total assets increased by 967392900% over the same period, from $1 to $9.7M. In its most recent filing year (2023), North Charleston Renaissance Inc reported a surplus of $31K, with revenue exceeding expenses. The organization holds $3.0M in liabilities against $9.7M in assets (debt-to-asset ratio: 31.0%), resulting in net assets of $6.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $971K | $9.7M | $3.0M | — | View 990 |
| 2022 | $2.1M | $2.2M | $18.2M | $15.1M | — | View 990 |
| 2021 | $1.0M | $870K | $13.3M | $9.2M | — | View 990 |
| 2020 | $639K | $694K | $10.1M | $3.2M | — | View 990 |
| 2019 | $554K | $829K | $10.2M | $3.3M | — | View 990 |
| 2018 | $754K | $1.6M | $8.7M | $1.8M | — | View 990 |
| 2017 | $574K | $421K | $9.1M | $1.5M | — | View 990 |
| 2016 | $7.6M | $70K | $8.1M | $624K | — | View 990 |
| 2015 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $971K, and assets of $9.7M (revenue -51.7% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.2M, and assets of $18.2M (revenue +103.2% year-over-year).
- 2021: Revenue of $1.0M, expenses of $870K, and assets of $13.3M (revenue +59.5% year-over-year).
- 2020: Revenue of $639K, expenses of $694K, and assets of $10.1M (revenue +15.4% year-over-year).
- 2019: Revenue of $554K, expenses of $829K, and assets of $10.2M (revenue -26.5% year-over-year).
- 2018: Revenue of $754K, expenses of $1.6M, and assets of $8.7M (revenue +31.4% year-over-year).
- 2017: Revenue of $574K, expenses of $421K, and assets of $9.1M (revenue -92.4% year-over-year).
- 2016: Revenue of $7.6M, expenses of $70K, and assets of $8.1M.
- 2015: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Charleston Renaissance Inc:
Data Sources and Methodology
This transparency report for North Charleston Renaissance 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.