Renaissance Charitable Foundation Inc

Analysis

Renaissance Charitable Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Charitable Foundation Inc reported income of $1.46bn and spending of $592.8m, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $456.5m to $1.46bn (+220%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 203%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Renaissance Charitable Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IN. Charities of a similar size with the same main cause include American Endowment Foundation ($1.32bn), The Chicago Community Trust ($1.54bn) and Morgan Stanley Global Impact Funding Trust Inc ($1.30bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $4.18bn against liabilities of $35.7m, net assets of $4.15bn.