Renaissance Of Hope Inc
EIN: 862582496 · Detroit, MI · NTEE: L81
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $920K |
| Net Assets | $758K |
Search Intent Cockpit
Renaissance Of Hope Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Renaissance Of Hope Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Renaissance Of Hope Inc in one place.
Form 990 Filing Summary
3 filing years are available, with latest revenue of $1.4M and expenses of $920K.
Revenue and Expenses
Renaissance Of Hope Inc reported $1.4M in revenue and $920K in expenses, a surplus of $468K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
Mission score and red-flag review are shown when AI enrichment is available.
Is Renaissance Of Hope Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
Functional expense detail is not available on the stored filing yet. Existing program percentage and future extracted expense fields will populate this panel.
Across stored filings, Renaissance Of Hope Inc shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification, AI synthesis.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Insufficient Data | Good filing record; no red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade A | 3 stored filing years |
| Peer context | Compare with American Academy Of Podiatric Practice Management | Michigan and Category L context |
Trust Check
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Detroit, MI nonprofitsCategory L in Michigan
Human Services in Michigan
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About Renaissance Of Hope Inc
Renaissance Of Hope Inc (EIN: 862582496) is a nonprofit organization based in Detroit, MI, classified under NTEE code L81. The organization reported total revenue of $1.9M and total assets of $548K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Renaissance Of Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Renaissance Of Hope Inc is a mid-size nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 426.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $920K |
| Surplus / Deficit | +$468K |
| Total Assets | $758K |
| Total Liabilities | $100 |
| Net Assets | $758K |
| Operating Margin | 33.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 9.9 months |
Financial Health Grade: A
In 2023, Renaissance Of Hope Inc reported a surplus of $468K with revenue exceeding expenses, holds 9.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Renaissance Of Hope Inc's revenue has grown at a compound annual growth rate (CAGR) of 426.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +135.2% | +697.9% | +51.5% |
| 2022 | +1080.0% | +6978.0% | +931.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Renaissance Of Hope Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Renaissance Of Hope Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $468K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Renaissance Of Hope Inc
Is Renaissance Of Hope Inc a legitimate charity?
Renaissance Of Hope Inc (EIN: 862582496) is a registered tax-exempt nonprofit based in Michigan. It has 3 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. Financial health grade: A.
How does Renaissance Of Hope Inc spend its money?
Renaissance Of Hope Inc reported $1.9M in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Renaissance Of Hope Inc tax-deductible?
Renaissance Of Hope Inc is registered as a tax-exempt nonprofit (EIN: 862582496). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Renaissance Of Hope Inc located?
Renaissance Of Hope Inc is headquartered in Detroit, Michigan and files with the IRS under EIN 862582496. It is classified under NTEE code L81.
How many years of IRS 990 filings does Renaissance Of Hope Inc have?
Renaissance Of Hope Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.9M in total revenue.
Filing History
IRS 990 filing history for Renaissance Of Hope Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Renaissance Of Hope Inc's revenue has grown by 2675.5%, moving from $50K to $1.4M. Total assets increased by 1463% over the same period, from $48K to $758K. Total functional expenses rose by 56375.3%, from $2K to $920K. In its most recent filing year (2023), Renaissance Of Hope Inc reported a surplus of $468K, with revenue exceeding expenses. The organization holds $100 in liabilities against $758K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $758K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $920K | $758K | $100 | — | — |
| 2022 | $590K | $115K | $500K | $100 | — | View 990 |
| 2021 | $50K | $2K | $48K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $920K, and assets of $758K (revenue +135.2% year-over-year).
- 2022: Revenue of $590K, expenses of $115K, and assets of $500K (revenue +1080.0% year-over-year).
- 2021: Revenue of $50K, expenses of $2K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Renaissance Of Hope Inc:
Data Sources and Methodology
This transparency report for Renaissance Of Hope 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.