Renaissance Social Services Inc

Analysis

Renaissance Social Services Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Social Services Inc reported income of $8.2m and spending of $7.9m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $8.2m (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Renaissance Social Services Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Lifescape Community Services Inc ($8.2m), Community Care ($8.2m) and Reach Counseling Services ($8.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $159k (2.0% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $2.5m against liabilities of $1.7m, net assets of $804k. It reported 107 employees.