Renaissance Community Homes

Analysis

Renaissance Community Homes is a registered charity in United States, based in Adrian, MI. It received its IRS tax-exemption ruling in March 1988, 38 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 September 2023, Renaissance Community Homes reported income of $14.0m and spending of $14.2m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $13.3m to $14.0m (+5.1%), an average of +1.2% a year. 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 Community Homes sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Scanlan Foundation ($14.0m), Families First Inc ($14.0m) and Hospice of Holland Inc ($13.9m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $9.5m. At year end it held assets of $4.2m against liabilities of $945k, net assets of $3.2m. It reported 439 employees.