Renown Collective Inc
EIN: 813845305 · Charlotte, NC · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $291K |
| Total Expenses | $203K |
| Net Assets | $104K |
Is Renown Collective Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Renown Collective Inc
Renown Collective Inc (EIN: 813845305) is a nonprofit organization based in Charlotte, NC, classified under NTEE code X20. The organization reported total revenue of $291K and total assets of $52K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Renown Collective Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Renown Collective Inc is a small nonprofit that has been operating for 7 years, with 3 years of IRS 990 filings on record (2020–2022). Revenue has grown at a compound annual rate of 45.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $214K |
| Total Expenses | $203K |
| Surplus / Deficit | +$11K |
| Total Assets | $106K |
| Total Liabilities | $2K |
| Net Assets | $104K |
| Operating Margin | 5.1% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 6.3 months |
Financial Health Grade: A
In 2022, Renown Collective Inc reported a surplus of $11K with revenue exceeding expenses, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 3 years of filings (2020–2022), Renown Collective Inc's revenue has grown at a compound annual growth rate (CAGR) of 45.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +52.6% | +99.7% | +13.1% |
| 2021 | +38.4% | +39.9% | +70.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Renown Collective 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 Renown Collective 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.2%.
Frequently Asked Questions about Renown Collective Inc
Is Renown Collective Inc a legitimate charity?
Renown Collective Inc (EIN: 813845305) is a registered tax-exempt nonprofit based in North Carolina. It has 3 years of IRS 990 filings on record. Total revenue: $291K. No red flags identified. Financial health grade: A.
How does Renown Collective Inc spend its money?
Renown Collective Inc reported $291K 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 Renown Collective Inc tax-deductible?
Renown Collective Inc is registered as a tax-exempt nonprofit (EIN: 813845305). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Renown Collective Inc located?
Renown Collective Inc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 813845305. It is classified under NTEE code X20.
How many years of IRS 990 filings does Renown Collective Inc have?
Renown Collective 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 $291K in total revenue.
Filing History
IRS 990 filing history for Renown Collective Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2020–2022), Renown Collective Inc's revenue has grown by 111.2%, moving from $101K to $214K. Total assets increased by 92.9% over the same period, from $55K to $106K. Total functional expenses rose by 179.3%, from $73K to $203K. In its most recent filing year (2022), Renown Collective Inc reported a surplus of $11K, with revenue exceeding expenses. The organization holds $2K in liabilities against $106K in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $104K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $214K | $203K | $106K | $2K | — | View 990 |
| 2021 | $140K | $102K | $94K | $833 | — | View 990 |
| 2020 | $101K | $73K | $55K | $320 | — | — |
Year-by-Year Financial Summary
- 2022: Revenue of $214K, expenses of $203K, and assets of $106K (revenue +52.6% year-over-year).
- 2021: Revenue of $140K, expenses of $102K, and assets of $94K (revenue +38.4% year-over-year).
- 2020: Revenue of $101K, expenses of $73K, and assets of $55K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Renown Collective Inc:
Data Sources and Methodology
This transparency report for Renown Collective 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.