Renaissance Academy Charter School of the Arts

Analysis

Renaissance Academy Charter School of the Arts is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Renaissance Academy Charter School of the Arts reported income of $9.4m and spending of $8.6m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.9m to $9.4m (+18%), an average of +5.7% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Renaissance Academy Charter School of the Arts sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Rabbinical College of America ($9.4m), Khan Lab School ($9.4m) and Missouri Southern Foundation ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $271k (3.1% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $10.0m against liabilities of $3.1m, net assets of $6.9m. It reported 94 employees.