Renaissance West Community Initiative

Analysis

Renaissance West Community Initiative is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2010, 16 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, Renaissance West Community Initiative reported income of $1.8m and spending of $2.9m, spending 163% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Renaissance West Community Initiative sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Fishtank Learning Inc ($1.8m), Corvallis Waldorf Association ($1.8m) and Cancer Alliance of Help and Hope ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $183k (6.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $8.2m against liabilities of $393k, net assets of $7.8m. It reported 34 employees.