Renaissance Youth Center

Analysis

Renaissance Youth Center is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2023, Renaissance Youth Center reported income of $2.4m and spending of $2.7m, spending 111% of what it took in. Across the 6 years on record, from August 2018 to August 2023, income grew from $2.0m to $2.4m (+19%), an average of +3.6% a year. The sharpest change came in the year to August 2021, when income rose by 67%. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Renaissance Youth Center sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Boy Scouts of America ($2.4m), Valeo Futbol Club Inc ($2.4m) and Youthworks ($2.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 72% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $254k (9.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.9m against liabilities of $1.2m, net assets of $2.7m. It reported 112 employees.