Renewed Hope India
- Assets
- $44.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kent City, MI
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 47-2453666
Organization Overview
Renewed Hope India is located in Kent City, MI. The organization was established in 2016. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renewed Hope India is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Renewed Hope India generated $63.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $52.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorelei Vargo President | 10 | $0 | |
Raymond Vargo Executive Director | 5 | $0 | |
Lisa Penwell Secretary | 2 | $0 | |
Krista Frey Treasurer | 2 | $0 | |
Tom Frey Director | 1 | $0 | |
Darren Penwell Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,860 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $63,864 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $425 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $72 |
| Other expenses | $4,181 |
| Total expenses | $52,693 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $44,090 |
| Other assets | $0 |
| Total assets | $44,090 |
| Total liabilities | $0 |
| Net assets or fund balances | $44,090 |