Renaissance Enterprises Company

Analysis

Renaissance Enterprises Company is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in May 1989, 37 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Enterprises Company reported income of $75k and spending of $82k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $105k to $75k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Renaissance Enterprises Company sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within MI. Charities of a similar size with the same main cause include High Country Performing Arts Association Inc ($75k), American Night Writers Association ($75k) and Chinese School of Ohio Nonprofit Inc ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $100k against liabilities of $201, net assets of $100k.