Renaissance Community Loan Fund Inc
Renaissance Community Loan Fund Inc shows consistent asset growth and positive financial performance with no reported officer compensation.
EIN: 208181931 · Gulfport, MS · NTEE: M20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $5.0M |
| Program Spending | 90% |
| Net Assets | $29.7M |
| Transparency Score | 90/100 |
Is Renaissance Community Loan Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Renaissance Community Loan Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Renaissance Community Loan Fund Inc
Renaissance Community Loan Fund Inc (EIN: 208181931) is a nonprofit organization based in Gulfport, MS, classified under NTEE code M20. The organization reported total revenue of $5.9M and total assets of $66.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Renaissance Community Loan Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Renaissance Community Loan Fund Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.4M |
| Total Expenses | $5.0M |
| Surplus / Deficit | +$351K |
| Total Assets | $61.9M |
| Total Liabilities | $32.2M |
| Net Assets | $29.7M |
| Operating Margin | 6.5% |
| Debt-to-Asset Ratio | 52.0% |
| Months of Reserves | 147.4 months |
Financial Health Grade: A
In 2023, Renaissance Community Loan Fund Inc reported a surplus of $351K with revenue exceeding expenses, holds 147.4 months of operating reserves (strong position), has a debt-to-asset ratio of 52.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Renaissance Community Loan Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.9% | +29.1% | +15.8% |
| 2022 | +31.8% | -13.2% | +6.0% |
| 2021 | +12.6% | +11.1% | +7.4% |
| 2020 | -1.2% | +5.7% | +4.4% |
| 2019 | -5.1% | -10.6% | +21.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Renaissance Community Loan Fund Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Renaissance Community Loan Fund Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $351K, with revenue exceeding expenses.
- Debt-to-asset ratio: 52.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating either a volunteer leadership structure or that compensation is categorized differently, which is a strong positive for transparency and resource allocation towards mission.
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 Renaissance Community Loan Fund Inc's IRS 990 filings:
- Significant increase in liabilities from $2.6M in 2014 to $32.1M in 2023, requiring further context to understand its nature (e.g., program-related debt vs. operational debt).
Strengths
The following positive indicators were identified for Renaissance Community Loan Fund Inc:
- Consistent asset growth, from $35.1M in 2014 to $61.9M in 2023, indicating strong financial management.
- Revenue consistently exceeds expenses in recent years, demonstrating financial sustainability (e.g., $5.3M revenue vs. $5.0M expenses in 2023).
- 0% officer compensation reported across all filings, suggesting high efficiency and dedication to mission.
- Healthy financial reserves with assets significantly exceeding liabilities ($61.9M assets vs. $32.1M liabilities in 2023).
- Positive net income trends in most recent years, indicating effective financial operations.
Frequently Asked Questions about Renaissance Community Loan Fund Inc
Is Renaissance Community Loan Fund Inc a legitimate charity?
Renaissance Community Loan Fund Inc (EIN: 208181931) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.9M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Renaissance Community Loan Fund Inc spend its money?
Renaissance Community Loan Fund Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Renaissance Community Loan Fund Inc tax-deductible?
Renaissance Community Loan Fund Inc is registered as a tax-exempt nonprofit (EIN: 208181931). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Renaissance Community Loan Fund Inc's spending goes to programs?
Renaissance Community Loan Fund Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Renaissance Community Loan Fund Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Renaissance Community Loan Fund Inc is above average for NTEE category M20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Renaissance Community Loan Fund Inc located?
Renaissance Community Loan Fund Inc is headquartered in Gulfport, Mississippi and files with the IRS under EIN 208181931. It is classified under NTEE code M20.
How many years of IRS 990 filings does Renaissance Community Loan Fund Inc have?
Renaissance Community Loan Fund Inc 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 $5.9M in total revenue.
Is Renaissance Community Loan Fund Inc a good charity?
Based on the available IRS 990 data, Renaissance Community Loan Fund Inc appears to be a very good organization. They demonstrate strong financial health with consistent asset growth from $35.1M in 2014 to $61.9M in 2023, and generally maintain a healthy surplus of revenue over expenses. The absence of reported officer compensation is a significant positive indicator of their commitment to mission-focused spending.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved and grown over time. Assets have steadily increased from $35,159,033 in 2014 to $61,916,456 in 2023. Revenue has generally outpaced expenses, leading to consistent surpluses, with notable exceptions in 2014-2016 where expenses exceeded revenue, but the trend has been positive since 2017.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly significant. It suggests that the organization's leadership may be entirely volunteer-based, or that executive compensation is covered by grants or other means not reported as direct officer compensation, which would free up more operational funds for program delivery and indicates a strong commitment to minimizing administrative costs.
Filing History
IRS 990 filing history for Renaissance Community Loan Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Renaissance Community Loan Fund Inc's revenue has declined by 61.2%, moving from $13.9M to $5.4M. Total assets increased by 69.8% over the same period, from $36.5M to $61.9M. Total functional expenses fell by 53.6%, from $10.9M to $5.0M. In its most recent filing year (2023), Renaissance Community Loan Fund Inc reported a surplus of $351K, with revenue exceeding expenses. The organization holds $32.2M in liabilities against $61.9M in assets (debt-to-asset ratio: 52.0%), resulting in net assets of $29.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.4M | $5.0M | $61.9M | $32.2M | — | View 990 |
| 2022 | $6.6M | $3.9M | $53.5M | $23.5M | — | View 990 |
| 2021 | $5.0M | $4.5M | $50.4M | $23.2M | — | View 990 |
| 2020 | $4.5M | $4.1M | $47.0M | $20.3M | — | View 990 |
| 2019 | $4.5M | $3.8M | $45.0M | $18.7M | — | View 990 |
| 2018 | $4.8M | $4.3M | $37.1M | $11.6M | — | View 990 |
| 2017 | $7.3M | $7.1M | $34.7M | $9.6M | — | View 990 |
| 2016 | $942K | $5.5M | $35.7M | $10.9M | — | View 990 |
| 2015 | $2.1M | $5.1M | $37.1M | $7.6M | — | View 990 |
| 2014 | $3.1M | $6.7M | $35.2M | $2.7M | — | View 990 |
| 2013 | $3.8M | $5.9M | $37.4M | $1.3M | — | View 990 |
| 2012 | $9.3M | $6.3M | $39.4M | $1.2M | — | View 990 |
| 2011 | $13.9M | $10.9M | $36.5M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.4M, expenses of $5.0M, and assets of $61.9M (revenue -18.9% year-over-year).
- 2022: Revenue of $6.6M, expenses of $3.9M, and assets of $53.5M (revenue +31.8% year-over-year).
- 2021: Revenue of $5.0M, expenses of $4.5M, and assets of $50.4M (revenue +12.6% year-over-year).
- 2020: Revenue of $4.5M, expenses of $4.1M, and assets of $47.0M (revenue -1.2% year-over-year).
- 2019: Revenue of $4.5M, expenses of $3.8M, and assets of $45.0M (revenue -5.1% year-over-year).
- 2018: Revenue of $4.8M, expenses of $4.3M, and assets of $37.1M (revenue -34.8% year-over-year).
- 2017: Revenue of $7.3M, expenses of $7.1M, and assets of $34.7M (revenue +677.9% year-over-year).
- 2016: Revenue of $942K, expenses of $5.5M, and assets of $35.7M (revenue -55.3% year-over-year).
- 2015: Revenue of $2.1M, expenses of $5.1M, and assets of $37.1M (revenue -31.3% year-over-year).
- 2014: Revenue of $3.1M, expenses of $6.7M, and assets of $35.2M (revenue -18.4% year-over-year).
- 2013: Revenue of $3.8M, expenses of $5.9M, and assets of $37.4M (revenue -59.6% year-over-year).
- 2012: Revenue of $9.3M, expenses of $6.3M, and assets of $39.4M (revenue -33.1% year-over-year).
- 2011: Revenue of $13.9M, expenses of $10.9M, and assets of $36.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Renaissance Community Loan Fund Inc:
Data Sources and Methodology
This transparency report for Renaissance Community Loan Fund 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.