Renaissance Academy Charter School

Analysis

Renaissance Academy Charter School is a registered charity in United States, based in Phoenixville, PA. It received its IRS tax-exemption ruling in May 2000, 26 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 Charter School reported income of $22.4m and spending of $23.1m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.0m to $22.4m (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Renaissance Academy Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Education Service Center Region II of Texas ($22.4m), Eclc of NJ a New Jersey Non Profit Corporation ($22.5m) and Williamson College of the Trades ($22.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.5% and program service revenue 92% of the total. Other salaries and wages came to $9.1m. At year end it held assets of $44.3m against liabilities of $24.2m, net assets of $20.2m. It reported 169 employees.