Oakland Renaissance NMTC

Analysis

Oakland Renaissance NMTC is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2023, Oakland Renaissance NMTC reported income of $130k and spending of $40k, leaving 69% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income grew from $116k to $130k (+12%), an average of +2.3% a year. The sharpest change came in the year to June 2020, when income rose by 319%. Over the whole period it spent 18% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oakland Renaissance NMTC sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Startwheel Corp ($130k), Hilltop Campus Village Inc ($130k) and Consider the Lilies Thrift Shop Inc ($130k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.7m against liabilities of $59k, net assets of $1.6m.