Renaissance Education Foundation

Analysis

Renaissance Education Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 July 2023, Renaissance Education Foundation reported income of $2.6m and spending of $2.0m, leaving 23% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.6m to $2.6m (+67%), an average of +14% a year. The sharpest change came in the year to July 2020, when income rose by 21%. Over the whole period it spent 81% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Renaissance Education Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Eagle River Youth Coalition Inc ($2.6m), Horizons National Student Enrichment Program Inc ($2.6m) and The Guardsmen ($2.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $4.3m against liabilities of $302k, net assets of $4.0m. It reported 41 employees.