Renaissance Technical Institute Inc

Analysis

Renaissance Technical Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Technical Institute Inc reported income of $1.1m and spending of $1.2m, spending 112% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income grew from $344k to $1.1m (+206%), an average of +75% a year. The sharpest change came in the year to June 2022, when income rose by 213%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Renaissance Technical Institute Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Clark Fork School Inc ($1.1m), Citrus College Foundation ($1.1m) and Penn Hills Library ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $144k (12% of expenses). Other salaries and wages came to $368k. At year end it held assets of $756k against liabilities of $815k, net assets of -$59k. It reported 19 employees.