Renaissance Learning Academy Inc

Analysis

Renaissance Learning Academy Inc is a registered charity in United States, based in Jupiter, FL. It received its IRS tax-exemption ruling in April 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 Learning Academy Inc reported income of $5.2m and spending of $4.6m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.7m to $5.2m (+41%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Renaissance Learning Academy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Montessori in Redlands Inc ($5.2m), Winter Park Library Assn ($5.2m) and Greenville Presbyterian Theological Seminary ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $417k (9.1% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $3.5m against liabilities of $425k, net assets of $3.1m. It reported 135 employees.