Renaissance Center for Culture and Education Inc

Analysis

Renaissance Center for Culture and Education Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Renaissance Center for Culture and Education Inc reported income of $80k and spending of $122k, spending 152% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $68k to $80k (+17%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 132% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Renaissance Center for Culture and Education Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 16th percentile within DC. Charities of a similar size with the same main cause include Friends of Middle School 915 Inc ($80k), Columbian Lawyers Association of Westchester County Scholarship Fun ($80k) and Just Teach ($80k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,180 against liabilities of $26k, net assets of -$19k.