Renewanation

Analysis

Renewanation is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Renewanation reported income of $4.8m and spending of $4.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $4.8m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Renewanation 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 92nd percentile within VA. Charities of a similar size with the same main cause include Claremont Lincoln University ($4.8m), Kode with Klossy Inc ($4.8m) and Archbishop Francis Norbert Blanchet School ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $344k (7.8% of expenses). Other salaries and wages came to $989k. At year end it held assets of $6.1m against liabilities of $169k, net assets of $5.9m. It reported 41 employees.