Renaissance Club of Henderson Texas

Analysis

Renaissance Club of Henderson Texas is a registered charity in United States, based in Henderson, TX. It received its IRS tax-exemption ruling in August 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Renaissance Club of Henderson Texas reported income of $53k and spending of $20k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $53k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 28% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Renaissance Club of Henderson Texas sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include Homecor ($53k), Cotton Community Partnership ($53k) and Solutions Utah a Non-Profit Corporation ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.