Community Improvement (S30) 990 on File

HARDESTY RENAISSANCE ECONOMIC DEVELOPMENT CORPORATION

EIN: 45-3190226 · NEW YORK, NY 10002-5302 · United States · FY 2023 Data

2 out of 5 24 / 100 Based on 2+ years of filings

Financial strength (30%) 19/100

Reliability (20%) 50/100

Effectiveness (25%) 31/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Financial Overview — FY 2023

$648

Total Revenue

$288K

Total Expenses

$-2,646,025

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 0.0%

Fundraising Efficiency N/A

Operating Reserve -110.32x

Liability-to-Asset 157.8%

Revenue Diversification 100.0%

Executive Compensation $0

Compared with Peers

FY 2023

Compared with 5,777 similar organizations (United States, Community Improvement, $100K–$1M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	0.0%	84.1%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	100.0%	12.7%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	0.0%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	-110.3 mo	11.1 mo	P10P90	Bottom quarter
Liabilities to assets Total liabilities / total assets · lower is better	157.8%	3.6%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	100.0%	93.2%	P10P90	Bottom quarter
Revenue growth Year over year revenue growth	-50.8%	7.5%	P10P90
Expense growth Year over year expense growth	67.7%	13.2%	P10P90
Surplus margin Surplus as a share of revenue	-44317.4%	2.7%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %
2023	$648	$288K	$-2,646,025	0.0%
2022	$1K	$172K	$-2,358,848	0.0%
2021	$201K	$220K	N/A	—

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Organization Details

EIN: 45-3190226
State: NY
City: NEW YORK
ZIP: 10002-5302
Classification: S30
Category: Community Improvement
Rating: 2★
Coverage: A
Last Updated: Aug 2026
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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