North Charleston Renaissance Inc

Analysis

North Charleston Renaissance Inc is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, North Charleston Renaissance Inc reported income of $1.0m and spending of $971k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $554k to $1.0m (+81%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 103%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Charleston Renaissance Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within SC. Charities of a similar size with the same main cause include St Marys Apartments Inc ($1.0m), Terre Haute Housing Authority Development Corp ($1.0m) and Minnesota Education Equity Partnership ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 27% of the total. Other salaries and wages came to $125k. At year end it held assets of $9.7m against liabilities of $3.0m, net assets of $6.7m.