Rensselaerville Institute

Analysis

Rensselaerville Institute is a registered charity in United States, based in Delmar, NY. It received its IRS tax-exemption ruling in June 1964, 62 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rensselaerville Institute reported income of $1.3m and spending of $1.7m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $1.3m (-59%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rensselaerville Institute sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Rice County Activity Center Inc ($1.3m), St Vrain Valley Educational Foundation Inc ($1.3m) and Almost Home ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $321k (19% of expenses). Other salaries and wages came to $546k. At year end it held assets of $2.5m against liabilities of $697k, net assets of $1.8m. It reported 13 employees.