Community Renaissance Fund

Analysis

Community Renaissance Fund is a registered charity in United States, based in Port Huron, MI. It received its IRS tax-exemption ruling in August 2005, 21 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Renaissance Fund reported income of $507k and spending of $878k, spending 173% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $75k to $507k (+575%), an average of +61% a year. The sharpest change came in the year to December 2020, when income rose by 2020%. Over the whole period it spent 58% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Renaissance Fund sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include We Grow Dreams Inc ($507k), Health Officers Association of California ($507k) and San Francisco Transit Riders ($507k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Other salaries and wages came to $3,237. At year end it held assets of $2.9m against liabilities of $1.4m, net assets of $1.5m.