Renaissance Community Loan Fund Inc

Analysis

Renaissance Community Loan Fund Inc is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 December 2023, Renaissance Community Loan Fund Inc reported income of $5.4m and spending of $5.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $5.4m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 82% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Renaissance Community Loan Fund Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MS. Charities of a similar size with the same main cause include Bay Leaf Volunteer Fire Dept Incorporated ($5.4m), Pinecroft Sedgefield Fire District Inc ($5.4m) and Hatzolah Emergency Medical Services Inc ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $807k (16% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $61.9m against liabilities of $32.2m, net assets of $29.7m. It reported 34 employees.