Renton Regional Community Foundation

Analysis

Renton Regional Community Foundation is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in June 1970, 56 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Renton Regional Community Foundation reported income of $1.8m and spending of $1.7m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.8m (+61%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 188%. Over the whole period it spent 121% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Renton Regional Community Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Montgomery County Community Foundation ($1.8m), Michigan Gateway Comm Foundation ($1.8m) and Owasso Community Resources Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $122k (7.3% of expenses). Other salaries and wages came to $75k. At year end it held assets of $12.8m against liabilities of $1.6m, net assets of $11.2m. It reported 2 employees.