Rennie Center for Education Research & Policy Inc

Analysis

Rennie Center for Education Research & Policy Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 2005, 21 years ago. 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, Rennie Center for Education Research & Policy Inc reported income of $3.0m and spending of $3.2m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $3.0m (+78%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 77%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rennie Center for Education Research & Policy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Lake Wales Care Center Inc ($3.0m), Valley Christian School ($3.0m) and Boy Scouts of America ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $242k (7.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.2m against liabilities of $232k, net assets of $3.0m. It reported 20 employees.