Avenue North Renaissance

Analysis

Avenue North Renaissance is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Avenue North Renaissance reported income of $611k and spending of $685k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $552k to $611k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Avenue North Renaissance sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Cobiz Richmond Inc ($610k), Roofers Local 195 Joint Apprenticeship Training Fund ($611k) and Pacific Beach Community Development Corp ($610k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $92k (13% of expenses). At year end it held assets of $655k against liabilities of $471k, net assets of $184k. It reported 1 employees.