Renaissance Society of America Inc

Analysis

Renaissance Society of America Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1959, 67 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Renaissance Society of America Inc reported income of $940k and spending of $1.3m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $940k (-18%), an average of -4.7% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Renaissance Society of America Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($940k), Hope Ignites Southern California ($940k) and Cornerstone Day Care Center Inc ($940k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $151k (12% of expenses). Other salaries and wages came to $285k. At year end it held assets of $3.6m against liabilities of $144k, net assets of $3.4m.