Renewed Heart Ministries Inc
Renewed Heart Ministries Inc. consistently operates on a lean budget with no executive compensation.
EIN: 208663541 · Lewisburg, WV · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $118K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $120,000 |
| Net Assets | $47K |
| Transparency Score | 92/100 |
Is Renewed Heart Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Renewed Heart Ministries Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Renewed Heart Ministries Inc
Renewed Heart Ministries Inc (EIN: 208663541) is a nonprofit organization based in Lewisburg, WV, classified under NTEE code X20. The organization reported total revenue of $0 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Renewed Heart Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Renewed Heart Ministries Inc is a small nonprofit that has been operating for 11 years, with 16 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $122K |
| Total Expenses | $118K |
| Surplus / Deficit | +$4K |
| Total Assets | $58K |
| Total Liabilities | $11K |
| Net Assets | $47K |
| Operating Margin | 3.2% |
| Debt-to-Asset Ratio | 19.7% |
| Months of Reserves | 5.9 months |
Financial Health Grade: A
In 2023, Renewed Heart Ministries Inc reported a surplus of $4K with revenue exceeding expenses, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 19.7% (very low leverage).
Financial Trends
Over 16 years of filings (2008–2023), Renewed Heart Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.9% | -3.1% | +5.5% |
| 2022 | -14.7% | -0.3% | -28.6% |
| 2021 | -14.6% | -10.9% | +47.1% |
| 2020 | +4.8% | +0.5% | +33.8% |
| 2019 | -5.4% | -5.3% | +15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| 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 Renewed Heart Ministries Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Renewed Heart Ministries Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of its size with annual expenses around $120,000-$180,000.
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 Renewed Heart Ministries Inc's IRS 990 filings:
- Limited financial reserves relative to annual expenses, potentially impacting resilience to unforeseen financial challenges.
Strengths
The following positive indicators were identified for Renewed Heart Ministries Inc:
- Consistent 0% officer compensation across all filings, demonstrating strong commitment to mission.
- Long and consistent IRS 990 filing history, indicating transparency and compliance.
- Lean operational model with expenses closely aligned to revenues, suggesting efficient use of funds.
- Positive net assets, showing financial stability and growth over time.
Frequently Asked Questions about Renewed Heart Ministries Inc
Is Renewed Heart Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Renewed Heart Ministries Inc (EIN: 208663541) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Renewed Heart Ministries Inc spend its money?
Renewed Heart Ministries Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Renewed Heart Ministries Inc tax-deductible?
Renewed Heart Ministries Inc is registered as a tax-exempt nonprofit (EIN: 208663541). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Renewed Heart Ministries Inc CEO make?
Renewed Heart Ministries Inc's highest-compensated officer earns $120,000 annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Renewed Heart Ministries Inc's spending goes to programs?
Renewed Heart Ministries Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Renewed Heart Ministries Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Renewed Heart Ministries Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Renewed Heart Ministries Inc located?
Renewed Heart Ministries Inc is headquartered in Lewisburg, West Virginia and files with the IRS under EIN 208663541. It is classified under NTEE code X20.
How many years of IRS 990 filings does Renewed Heart Ministries Inc have?
Renewed Heart Ministries Inc has 16 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Renewed Heart Ministries Inc. a good charity?
Based on the available financial data, Renewed Heart Ministries Inc. appears to be a good charity. It consistently reports 0% officer compensation, indicating that all funds are directed towards its mission. Its expenses are closely managed against revenues, and it has a consistent filing history.
How does Renewed Heart Ministries Inc. manage its finances?
The organization manages its finances very tightly, with expenses often closely matching revenues. For example, in 2023, revenues were $122,221 and expenses were $118,285. This suggests a focus on direct program spending and minimal overhead.
What is the trend in assets and liabilities for Renewed Heart Ministries Inc.?
Assets have generally increased over the past decade, from $19,330 in 2015 to $58,078 in 2023, indicating some growth in financial resources. Liabilities have fluctuated but remained manageable relative to assets, such as $11,442 in liabilities against $58,078 in assets in 2023.
Does Renewed Heart Ministries Inc. have a reserve fund?
While the organization has accumulated some assets, the close margin between revenues and expenses suggests that a substantial unrestricted operating reserve may be limited. For instance, in 2023, net assets (assets minus liabilities) were $46,636, which represents less than half a year of operating expenses.
Filing History
IRS 990 filing history for Renewed Heart Ministries Inc showing financial trends over 16 years of public records:
Over 16 years of IRS 990 filings (2008–2023), Renewed Heart Ministries Inc's revenue has declined by 27.2%, moving from $168K to $122K. Total assets increased by 136.6% over the same period, from $25K to $58K. Total functional expenses fell by 29.1%, from $167K to $118K. In its most recent filing year (2023), Renewed Heart Ministries Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $11K in liabilities against $58K in assets (debt-to-asset ratio: 19.7%), resulting in net assets of $47K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $122K | $118K | $58K | $11K | — | View 990 |
| 2022 | $111K | $122K | $55K | $12K | — | View 990 |
| 2021 | $130K | $122K | $77K | $23K | — | View 990 |
| 2020 | $153K | $137K | $52K | $7K | — | — |
| 2019 | $146K | $137K | $39K | $9K | — | View 990 |
| 2018 | $154K | $144K | $34K | $13K | — | View 990 |
| 2017 | $154K | $146K | $39K | $28K | — | — |
| 2016 | $170K | $165K | $25K | $22K | — | View 990 |
| 2015 | $171K | $165K | $19K | $21K | — | View 990 |
| 2014 | $197K | $181K | $23K | $30K | — | — |
| 2013 | $232K | $212K | $45K | $0 | — | — |
| 2012 | $194K | $188K | $25K | $0 | — | — |
| 2011 | $158K | $162K | $20K | $0 | — | — |
| 2010 | $163K | $169K | $24K | $0 | — | — |
| 2009 | $152K | $147K | $29K | $0 | — | — |
| 2008 | $168K | $167K | $25K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $122K, expenses of $118K, and assets of $58K (revenue +9.9% year-over-year).
- 2022: Revenue of $111K, expenses of $122K, and assets of $55K (revenue -14.7% year-over-year).
- 2021: Revenue of $130K, expenses of $122K, and assets of $77K (revenue -14.6% year-over-year).
- 2020: Revenue of $153K, expenses of $137K, and assets of $52K (revenue +4.8% year-over-year).
- 2019: Revenue of $146K, expenses of $137K, and assets of $39K (revenue -5.4% year-over-year).
- 2018: Revenue of $154K, expenses of $144K, and assets of $34K (revenue -0.3% year-over-year).
- 2017: Revenue of $154K, expenses of $146K, and assets of $39K (revenue -9.3% year-over-year).
- 2016: Revenue of $170K, expenses of $165K, and assets of $25K (revenue -0.4% year-over-year).
- 2015: Revenue of $171K, expenses of $165K, and assets of $19K (revenue -13.2% year-over-year).
- 2014: Revenue of $197K, expenses of $181K, and assets of $23K (revenue -15.2% year-over-year).
- 2013: Revenue of $232K, expenses of $212K, and assets of $45K (revenue +19.8% year-over-year).
- 2012: Revenue of $194K, expenses of $188K, and assets of $25K (revenue +22.3% year-over-year).
- 2011: Revenue of $158K, expenses of $162K, and assets of $20K (revenue -3.2% year-over-year).
- 2010: Revenue of $163K, expenses of $169K, and assets of $24K (revenue +7.6% year-over-year).
- 2009: Revenue of $152K, expenses of $147K, and assets of $29K (revenue -9.5% year-over-year).
- 2008: Revenue of $168K, expenses of $167K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Renewed Heart Ministries Inc:
Data Sources and Methodology
This transparency report for Renewed Heart Ministries 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.