Renaissance House Inc

Analysis

Renaissance House Inc is a registered charity in United States, based in Tiffin, OH. It received its IRS tax-exemption ruling in September 1982, 44 years ago. 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 House Inc reported income of $4.0m and spending of $4.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $4.0m (+6.1%), an average of +1.5% a year. The sharpest change came in the year to December 2020, when income rose by 15%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Renaissance House 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 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Grolier Club of the City of New York ($4.0m), Youth Crossroads Inc ($4.0m) and William M Singerly Steam Fire ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.3% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $145k (3.4% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $2.2m against liabilities of $661k, net assets of $1.5m. It reported 110 employees.