Manufacturing Renaissance

Analysis

Manufacturing Renaissance is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1984, 42 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 June 2023, Manufacturing Renaissance reported income of $1.2m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.2m (-2.9%), an average of -0.7% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Manufacturing Renaissance sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Guardian Angels Homes Inc ($1.2m), Rehabilitation Center for Neurological Development ($1.2m) and Trinity Health Foundation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $118k (10% of expenses). Other salaries and wages came to $602k. At year end it held assets of $1.0m against liabilities of $1.2m, net assets of -$236k. It reported 14 employees.