Varick Renaissance Center

Analysis

Varick Renaissance Center is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Varick Renaissance Center reported income of $214k and spending of $256k, spending 119% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $322k to $214k (-34%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 58% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Varick Renaissance Center sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Gods Embrace Ministries Inc ($214k), James Rackley Ministries Inc ($214k) and Bolling Conference Grounds Inc ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. At year end it held assets of $602k against liabilities of $0, net assets of $602k.