Renaissance West Community Initiative
EIN: 271396021 · Charlotte, NC · NTEE: B19
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $2.9M |
| Net Assets | $7.8M |
Is Renaissance West Community Initiative Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Renaissance West Community Initiative
Renaissance West Community Initiative (EIN: 271396021) is a nonprofit organization based in Charlotte, NC, classified under NTEE code B19. The organization reported total revenue of $2.4M and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Renaissance West Community Initiative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Renaissance West Community Initiative is a mid-size nonprofit that has been operating for 16 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 15.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-1,139,855 |
| Total Assets | $8.2M |
| Total Liabilities | $393K |
| Net Assets | $7.8M |
| Operating Margin | -63.3% |
| Debt-to-Asset Ratio | 4.8% |
| Months of Reserves | 33.5 months |
Financial Health Grade: B
In 2023, Renaissance West Community Initiative reported a deficit of $1.1M with expenses exceeding revenue, holds 33.5 months of operating reserves (strong position), has a debt-to-asset ratio of 4.8% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Renaissance West Community Initiative's revenue has grown at a compound annual growth rate (CAGR) of 15.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.0% | +5.5% | -12.5% |
| 2022 | -44.8% | +41.2% | -1.7% |
| 2021 | +92.1% | -3.3% | +31.0% |
| 2020 | +39.4% | -19.8% | +1.3% |
| 2019 | -50.4% | -2.4% | -13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Renaissance West Community Initiative 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 West Community Initiative 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 deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.8%.
Frequently Asked Questions about Renaissance West Community Initiative
Is Renaissance West Community Initiative a legitimate charity?
Based on AI analysis of IRS 990 filings, Renaissance West Community Initiative (EIN: 271396021) insufficient data. 0 red flags identified, 0 strengths noted.
How does Renaissance West Community Initiative spend its money?
Detailed spending breakdown data is not yet available for Renaissance West Community Initiative. Check back for updated IRS 990 analysis.
Are donations to Renaissance West Community Initiative tax-deductible?
Renaissance West Community Initiative is registered as a tax-exempt nonprofit (EIN: 271396021). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Renaissance West Community Initiative located?
Renaissance West Community Initiative is headquartered in Charlotte, North Carolina and files with the IRS under EIN 271396021. It is classified under NTEE code B19.
How many years of IRS 990 filings does Renaissance West Community Initiative have?
Renaissance West Community Initiative has 11 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.
Filing History
IRS 990 filing history for Renaissance West Community Initiative showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Renaissance West Community Initiative's revenue has grown by 327.9%, moving from $421K to $1.8M. Total assets increased by 2531.2% over the same period, from $312K to $8.2M. Total functional expenses rose by 2348%, from $120K to $2.9M. In its most recent filing year (2023), Renaissance West Community Initiative reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $393K in liabilities against $8.2M in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $7.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $2.9M | $8.2M | $393K | — | — |
| 2022 | $2.3M | $2.8M | $9.4M | $428K | — | View 990 |
| 2021 | $4.1M | $2.0M | $9.6M | $132K | — | View 990 |
| 2020 | $2.2M | $2.0M | $7.3M | $77K | — | View 990 |
| 2019 | $1.5M | $2.5M | $7.2M | $138K | — | View 990 |
| 2018 | $3.1M | $2.6M | $8.4M | $343K | — | View 990 |
| 2017 | $6.3M | $1.5M | $10.4M | $33K | — | — |
| 2016 | $3.4M | $643K | $5.9M | $57K | — | View 990 |
| 2015 | $3.2M | $439K | $3.1M | $24K | — | View 990 |
| 2014 | $280K | $255K | $348K | $22K | — | View 990 |
| 2013 | $421K | $120K | $312K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $2.9M, and assets of $8.2M (revenue -21.0% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.8M, and assets of $9.4M (revenue -44.8% year-over-year).
- 2021: Revenue of $4.1M, expenses of $2.0M, and assets of $9.6M (revenue +92.1% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.0M, and assets of $7.3M (revenue +39.4% year-over-year).
- 2019: Revenue of $1.5M, expenses of $2.5M, and assets of $7.2M (revenue -50.4% year-over-year).
- 2018: Revenue of $3.1M, expenses of $2.6M, and assets of $8.4M (revenue -50.7% year-over-year).
- 2017: Revenue of $6.3M, expenses of $1.5M, and assets of $10.4M (revenue +83.7% year-over-year).
- 2016: Revenue of $3.4M, expenses of $643K, and assets of $5.9M (revenue +7.7% year-over-year).
- 2015: Revenue of $3.2M, expenses of $439K, and assets of $3.1M (revenue +1039.4% year-over-year).
- 2014: Revenue of $280K, expenses of $255K, and assets of $348K (revenue -33.4% year-over-year).
- 2013: Revenue of $421K, expenses of $120K, and assets of $312K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Renaissance West Community Initiative:
Data Sources and Methodology
This transparency report for Renaissance West Community Initiative 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.