Renaissance Gardens Inc

Analysis

Renaissance Gardens Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Renaissance Gardens Inc reported income of $570k and spending of $800k, spending 140% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $537k to $570k (+6.3%), an average of +2.0% a year. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Renaissance Gardens Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Rock Hill Elderly Housing Inc ($570k), Church Housing Corp of Delaware County ($570k) and Cof Independent Living Inc ($570k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $7.0m against liabilities of $687k, net assets of $6.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.