Renewport Inc
EIN: 812051757 · Newport, KY · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $176K |
| Total Expenses | $67K |
| Net Assets | $50K |
Is Renewport Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Renewport Inc
Renewport Inc (EIN: 812051757) is a nonprofit organization based in Newport, KY, classified under NTEE code S20. The organization reported total revenue of $176K and total assets of $60K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Renewport Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Renewport Inc is a small nonprofit that has been operating for 9 years, with 2 years of IRS 990 filings on record (2023–2024). Revenue has grown at a compound annual rate of -28.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $71K |
| Total Expenses | $67K |
| Surplus / Deficit | +$3K |
| Total Assets | $50K |
| Net Assets | $50K |
| Operating Margin | 4.6% |
| Months of Reserves | 8.9 months |
Financial Health Grade: A
In 2024, Renewport Inc reported a surplus of $3K with revenue exceeding expenses, holds 8.9 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2023–2024), Renewport Inc's revenue has declined at a compound annual growth rate (CAGR) of -28.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -28.8% | -47.8% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Renewport 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 Renewport 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
Frequently Asked Questions about Renewport Inc
Is Renewport Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Renewport Inc (EIN: 812051757) insufficient data. 0 red flags identified, 0 strengths noted.
How does Renewport Inc spend its money?
Detailed spending breakdown data is not yet available for Renewport Inc. Check back for updated IRS 990 analysis.
Are donations to Renewport Inc tax-deductible?
Renewport Inc is registered as a tax-exempt nonprofit (EIN: 812051757). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Renewport Inc located?
Renewport Inc is headquartered in Newport, Kentucky and files with the IRS under EIN 812051757. It is classified under NTEE code S20.
How many years of IRS 990 filings does Renewport Inc have?
Renewport Inc has 2 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 $176K in total revenue.
Filing History
IRS 990 filing history for Renewport Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2023–2024), Renewport Inc's revenue has declined by 28.8%, moving from $99K to $71K. Total assets increased by 6.9% over the same period, from $47K to $50K. Total functional expenses fell by 47.8%, from $129K to $67K. In its most recent filing year (2024), Renewport Inc reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $71K | $67K | $50K | $0 | — | — |
| 2023 | $99K | $129K | $47K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Renewport Inc:
Data Sources and Methodology
This transparency report for Renewport 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.