Legal and Tax Information

The Renewal Center of the South , Inc. is incorporated in North Carolina as a nonprofit corporation. It is exempt from Income Tax under Section 501 (c) (3) of the Internal Revenue Code and comparable state law. The Corporation is classified by the IRS as a publicly supported charity, not a private foundation.

Contributions to the Renewal Center are federally tax-deductible as provided in Section 170 of the Internal Revenue Code, within any limitations provided by the law which may apply to the donor.

All contributions are considered unrestricted unless specifically restricted by the donor. Under an amendment to the Articles of Incorporation required by the IRS for tax-exemption, in the event of the dissolution of the Corporation, any assets remaining must be distributed for a 501 (c) (3) tax-exempt purpose, or to a governmental body, and could not be refunded to contributors.

Contributions in excess of current (management, program and fund-raising) expenses will be accumulated in liquid income producing assets.

In its history RCS has raised $1,012,800 at a cost of $114,800 (12.3% of donations raised). Better Business Bureau charity standards say charitable fund-raising costs should not exceed 35% of contributions raised!

A Board of Directors is responsible for the management of the Corporation. Wayne Smith is the Chief Executive Officer.

The Renewal Center of the South does not, and will not, offer professional counseling or therapy of any kind.