Renaissance Academy Inc

Analysis

Renaissance Academy Inc is a registered charity in United States, based in Laporte, IN. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Renaissance Academy Inc reported income of $3.0m and spending of $2.5m, spending 86% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $1.8m to $3.0m (+60%), an average of +9.9% a year. The sharpest change came in the year to July 2021, when income rose by 56%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Renaissance Academy Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include James Rushton I Foundation ($3.0m), Bais Yaakov School for Girls ($3.0m) and The Civa School Community Coalition ($3.0m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $132k (5.2% of expenses). Other salaries and wages came to $45k. At year end it held assets of $2.7m against liabilities of $1.0m, net assets of $1.6m. It reported 50 employees.