Renaissance City Theater Inc

Analysis

Renaissance City Theater Inc is a registered charity in United States, based in Westerly, RI. It received its IRS tax-exemption ruling in September 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Renaissance City Theater Inc reported income of $305k and spending of $315k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $284k to $305k (+7.3%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 90% 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 City Theater Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within RI. Charities of a similar size with the same main cause include Petaluma Community Access Inc ($305k), Action Youth Media Inc ($305k) and Chavalos de Aqui Y Alla ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Other salaries and wages came to $87k. At year end it held assets of $626k against liabilities of $28k, net assets of $598k. It reported 5 employees.