Renasant Community Foundation

Analysis

Renasant Community Foundation is a registered charity in United States, based in Tupelo, MS. It received its IRS tax-exemption ruling in July 2014, 12 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 December 2023, Renasant Community Foundation reported income of $75k and spending of $59k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $157k to $75k (-52%), an average of -17% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Renasant Community Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within MS. Charities of a similar size with the same main cause include Junior League of the Golden Isles Inc ($75k), Murphysboro Main Street Inc ($75k) and Bulverde Spring Branch Economic Development Foundation ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.