Jamestown Renaissance Corporation

Analysis

Jamestown Renaissance Corporation is a registered charity in United States, based in Jamestown, NY. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Jamestown Renaissance Corporation reported income of $785k and spending of $747k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $785k (-42%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 248%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jamestown Renaissance Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Downtown Community Partnership Bid ($784k), Melanoid Nation Foundation ($785k) and Twelfth Street Heritage Development Corp ($784k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Other salaries and wages came to $112k. At year end it held assets of $1.2m against liabilities of $7,106, net assets of $1.2m. It reported 2 employees.