Overview
What is Renew The Hope Inc?
Renew The Hope Inc, located in Redding, California, is a dedicated nonprofit organization that focuses on offering financial aid and support. Their primary mission involves providing financial assistance to an orphanage and related activities, as well as offering educational scholarships for children from kindergarten through college age. Beyond financial aid, Renew The Hope Inc also extends its resources to provide food and meal assistance to children in need. This year, their efforts have aided the House of Encouragement in accommodating approximately 150 children and young people, ensuring they have access to essentials such as food, clothing, staffing, and shelter.
Official website here: www.renewthehope.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating
Renew The Hope Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. The organization has a strong score for independent board members and appears to manage its liabilities effectively, with a 0.00% liabilities to assets ratio. Additionally, it has an impressive program expense ratio of 99.00%, suggesting that almost all of its funds are directed towards its programs.
However, the organization faces significant limitations in its accountability measures, as it lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which all received zero points. Furthermore, the absence of financial statements on its website raises transparency concerns, as does the lack of posted tax forms, which could impede potential donors' understanding of its financial health.
Overall, while Renew The Hope Inc demonstrates a commitment to program spending and has a fully independent board, its lack of transparency and accountability practices may deter potential supporters who prioritize these factors in their giving decisions.
This AI summary has been generated from information found on Charity Navigator.
Is Renew The Hope Inc legitimate?
Renew The Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Renew The Hope Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.renewthehope.org
What is the mission statement of Renew The Hope Inc?
Renew The Hope Inc, as an organization, is primarily dedicated to offering financial aid to sustain an orphanage and related activities. Additionally, they provide educational scholarships for students ranging from elementary to college level. Furthermore, the organization extends its support by offering food and meal assistance to children in need. This year, their financial assistance has significantly contributed to the House of Encouragement, enabling it to provide essentials such as food, clothing, staffing, and shelter for approximately 150 children and young people.
Official website here: www.renewthehope.org
Who is the CEO of Renew The Hope Inc?
Robert Funk is the Director of Renew The Hope Inc.
Official website here: www.renewthehope.org
What is the revenue of Renew The Hope Inc?
Renew The Hope Inc's revenue in 2022 was $883,340.
Official website here: www.renewthehope.org
Who are the executives of Renew The Hope Inc and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.renewthehope.org
Where can I find the form 990 for Renew The Hope Inc?
Renew The Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.renewthehope.org
Learn more at the official website: www.renewthehope.org
Mission Statement of Renew The Hope Inc
Renew The Hope Inc, a nonprofit organization, is dedicated to serving two primary causes. Firstly, it provides financial aid to support an orphanage and its associated activities. This aid is instrumental in meeting the children's basic needs, including food, clothing, and shelter, ensuring that approximately 150 children and young people have a home and essentials this year.
Secondly, Renew The Hope Inc offers educational scholarships to students in the K-12 and college age brackets. This initiative aims to empower these young individuals, providing them with the opportunity to pursue their academic goals and build a better future for themselves. By offering both financial assistance and educational scholarships, Renew The Hope Inc is committed to making a meaningful impact on the lives of children and young people in need.
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Impact
July, 2024
Renew The Hope Inc provides crucial financial assistance to support an orphanage and related activities, as well as educational scholarships for students in K-12 and college. The organization also offers food and meal assistance to children in need. Their impact can be seen in the support provided to approximately 150 children and young people at the House of Encouragement, ensuring they have access to essentials like food, clothing, shelter, and staff support. Through their efforts, Renew The Hope Inc is making a meaningful difference in the lives of vulnerable individuals in Redding, CA.
This information is meant to be a general summary of Renew The Hope Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,485
- Gross Receipts: $883,340
Assets and Liabilities:
- Total Assets: $184,163
- Total Liabilities: $0
- Net Assets: $184,163
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Organization Details
Founding Year
2003
Principal Officer
Robert Funk
Main Address
1769 CHICORY COURT, Redding, CA, 96002
Website
www.renewthehope.orgNTEE Category
Code: P30 - Human services
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