Regenesis Community Developement Corporation
Regenesis Community Development Corporation consistently operates at a deficit with growing liabilities.
EIN: 200726974 · Spartanburg, SC · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $134K |
| Total Expenses | $159K |
| Program Spending | 70% |
| Net Assets | $584K |
| Transparency Score | 60/100 |
Is Regenesis Community Developement Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Regenesis Community Developement Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Regenesis Community Developement Corporation
Regenesis Community Developement Corporation (EIN: 200726974) is a nonprofit organization based in Spartanburg, SC, classified under NTEE code L20. The organization reported total revenue of $134K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Regenesis Community Developement Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Regenesis Community Developement Corporation is a small nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -14.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $70K |
| Total Expenses | $159K |
| Surplus / Deficit | $-89,668 |
| Total Assets | $1.9M |
| Total Liabilities | $1.3M |
| Net Assets | $584K |
| Operating Margin | -128.5% |
| Debt-to-Asset Ratio | 68.5% |
| Months of Reserves | 139.8 months |
Financial Health Grade: C
In 2022, Regenesis Community Developement Corporation reported a deficit of $90K with expenses exceeding revenue, holds 139.8 months of operating reserves (strong position), has a debt-to-asset ratio of 68.5% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Regenesis Community Developement Corporation's revenue has declined at a compound annual growth rate (CAGR) of -14.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +17.5% | +32.6% | -2.6% |
| 2021 | +40.3% | +38.2% | -0.6% |
| 2020 | -72.2% | -50.2% | -2.0% |
| 2019 | +10.2% | -14.1% | +2.9% |
| 2018 | +20.7% | -21.6% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Regenesis Community Developement Corporation with a Mission Score of 60 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Regenesis Community Developement Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $90K, with expenses exceeding revenue.
- Debt-to-asset ratio: 68.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for minimizing administrative costs relative to the organization's size and revenue.
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 Regenesis Community Developement Corporation's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in most years, e.g., $159,439 expenses vs. $69,771 revenue in 2022).
- Significant and growing liabilities (from $199,655 in 2013 to $1,272,944 in 2022).
- Declining asset base in recent years (from $2,132,052 in 2016 to $1,856,980 in 2022).
Strengths
The following positive indicators were identified for Regenesis Community Developement Corporation:
- Zero officer compensation reported across all filings, indicating a strong commitment to minimizing executive overhead.
- Consistent filing of IRS Form 990s, demonstrating good transparency in financial reporting.
- Maintains substantial assets ($1,744,970 most recently) despite operating deficits.
Frequently Asked Questions about Regenesis Community Developement Corporation
Is Regenesis Community Developement Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Regenesis Community Developement Corporation (EIN: 200726974) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Regenesis Community Developement Corporation spend its money?
Regenesis Community Developement Corporation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Regenesis Community Developement Corporation tax-deductible?
Regenesis Community Developement Corporation is registered as a tax-exempt nonprofit (EIN: 200726974). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Regenesis Community Developement Corporation's spending goes to programs?
Regenesis Community Developement Corporation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Regenesis Community Developement Corporation compare to similar nonprofits?
With a transparency score of 60/100 (Good), Regenesis Community Developement Corporation is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Regenesis Community Developement Corporation located?
Regenesis Community Developement Corporation is headquartered in Spartanburg, South Carolina and files with the IRS under EIN 200726974. It is classified under NTEE code L20.
How many years of IRS 990 filings does Regenesis Community Developement Corporation have?
Regenesis Community Developement Corporation has 12 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 $134K in total revenue.
Is Regenesis Community Development Corporation financially sustainable?
The organization's consistent operating deficits, where expenses frequently exceed revenue (e.g., $159,439 expenses vs. $69,771 revenue in 2022), and growing liabilities (from $199,655 in 2013 to $1,272,944 in 2022) raise significant concerns about its long-term financial sustainability without a clear strategy to increase revenue or reduce expenses.
How does the organization cover its consistent operating deficits?
The increasing liabilities, which have grown from $199,655 in 2013 to $1,272,944 in 2022, suggest that the organization is likely covering its operating deficits through borrowing or other forms of debt, rather than through earned revenue or grants.
What is the trend in the organization's assets?
While assets have remained substantial, they show a slight downward trend in recent years, from a peak of $2,132,052 in 2016 to $1,856,980 in 2022, indicating a gradual depletion or lack of growth in its asset base.
Is the lack of officer compensation sustainable for leadership?
While 0% officer compensation is positive for cost efficiency, it raises questions about the long-term sustainability of leadership and whether key personnel are adequately supported, potentially impacting organizational capacity and stability.
Filing History
IRS 990 filing history for Regenesis Community Developement Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Regenesis Community Developement Corporation's revenue has declined by 81.2%, moving from $371K to $70K. Total assets decreased by 6.1% over the same period, from $2.0M to $1.9M. Total functional expenses fell by 57.5%, from $375K to $159K. In its most recent filing year (2022), Regenesis Community Developement Corporation reported a deficit of $90K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $1.9M in assets (debt-to-asset ratio: 68.5%), resulting in net assets of $584K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $70K | $159K | $1.9M | $1.3M | — | — |
| 2021 | $59K | $120K | $1.9M | $1.2M | — | View 990 |
| 2020 | $42K | $87K | $1.9M | $1.2M | — | — |
| 2019 | $152K | $175K | $2.0M | $1.1M | — | View 990 |
| 2018 | $138K | $203K | $1.9M | $1.0M | — | View 990 |
| 2017 | $114K | $259K | $1.9M | $1.0M | — | View 990 |
| 2016 | $123K | $287K | $2.1M | $1.1M | — | View 990 |
| 2015 | $276K | $512K | $2.1M | $906K | — | View 990 |
| 2014 | $182K | $337K | $2.0M | $511K | — | View 990 |
| 2013 | $278K | $361K | $1.8M | $200K | — | View 990 |
| 2012 | $324K | $527K | $1.9M | $180K | — | View 990 |
| 2011 | $371K | $375K | $2.0M | $86K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $70K, expenses of $159K, and assets of $1.9M (revenue +17.5% year-over-year).
- 2021: Revenue of $59K, expenses of $120K, and assets of $1.9M (revenue +40.3% year-over-year).
- 2020: Revenue of $42K, expenses of $87K, and assets of $1.9M (revenue -72.2% year-over-year).
- 2019: Revenue of $152K, expenses of $175K, and assets of $2.0M (revenue +10.2% year-over-year).
- 2018: Revenue of $138K, expenses of $203K, and assets of $1.9M (revenue +20.7% year-over-year).
- 2017: Revenue of $114K, expenses of $259K, and assets of $1.9M (revenue -7.3% year-over-year).
- 2016: Revenue of $123K, expenses of $287K, and assets of $2.1M (revenue -55.3% year-over-year).
- 2015: Revenue of $276K, expenses of $512K, and assets of $2.1M (revenue +51.8% year-over-year).
- 2014: Revenue of $182K, expenses of $337K, and assets of $2.0M (revenue -34.6% year-over-year).
- 2013: Revenue of $278K, expenses of $361K, and assets of $1.8M (revenue -14.1% year-over-year).
- 2012: Revenue of $324K, expenses of $527K, and assets of $1.9M (revenue -12.6% year-over-year).
- 2011: Revenue of $371K, expenses of $375K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Regenesis Community Developement Corporation:
Data Sources and Methodology
This transparency report for Regenesis Community Developement 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.