Renaissance Academy

Analysis

Renaissance Academy is a registered charity in United States, based in Lehi, UT. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Renaissance Academy reported income of $7.3m and spending of $7.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $7.3m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Renaissance Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within UT. Charities of a similar size with the same main cause include Consortium for Advanced Studies Abroad ($7.3m), Dr Robert Ketterer Charter School Inc ($7.3m) and Rainier Scholars ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $154k (2.1% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $15.4m against liabilities of $13.4m, net assets of $2.0m. It reported 115 employees.