Fifth Street Renaissance

Analysis

Fifth Street Renaissance is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in June 1980, 46 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Fifth Street Renaissance reported income of $2.4m and spending of $2.8m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.4m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 81%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fifth Street Renaissance sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Brownsville Think Tank Matters ($2.4m), Freedom Communities ($2.4m) and Training Resources of America Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $143k (5.2% of expenses). Other salaries and wages came to $685k. At year end it held assets of $4.4m against liabilities of $3.5m, net assets of $955k. It reported 18 employees.