Renaissance Performing Arts Association Inc

Analysis

Renaissance Performing Arts Association Inc is a registered charity in United States, based in Mansfield, OH. It received its IRS tax-exemption ruling in March 1980, 46 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Renaissance Performing Arts Association Inc reported income of $1.7m and spending of $2.2m, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.7m to $1.7m (-36%), an average of -11% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Renaissance Performing Arts Association Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Quad City Arts Inc ($1.7m), Compas Inc ($1.7m) and Dayton Contemporary Dance Company ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $129k (5.8% of expenses). Other salaries and wages came to $666k. At year end it held assets of $8.0m against liabilities of $345k, net assets of $7.6m. It reported 163 employees.