Renaissance Charter School

Analysis

Renaissance Charter School is a registered charity in United States, based in Jackson HTS, NY. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Renaissance Charter School reported income of $15.3m and spending of $14.1m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.8m to $15.3m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Renaissance Charter School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Foundation for Early Childhood Education ($15.3m), Citizens Leadership Academy East ($15.3m) and University of Central Missouri Foundation ($15.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $553k (3.9% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $5.7m against liabilities of $2.8m, net assets of $2.9m. It reported 105 employees.