The Renaissance

Analysis

The Renaissance is a registered charity in United States, based in Olmsted TWP, OH. It received its IRS tax-exemption ruling in February 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, The Renaissance reported income of $4.5m and spending of $8.7m, spending 192% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $59.6m to $4.5m (-92%), an average of -48% a year. The sharpest change came in the year to June 2021, when income rose by 136%. Over the whole period it spent 50% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Renaissance sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Waterbury Ambulance Service Inc ($4.5m), Froedtert Hospital Foundation Inc ($4.5m) and Lenox Otolaryngology Head & Necksurgery PC ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $14.4m against liabilities of $75.9m, net assets of -$61.5m. It reported 383 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.