Southwest Renaissance Development Corporation

Analysis

Southwest Renaissance Development Corporation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1998, 28 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, Southwest Renaissance Development Corporation reported income of $134k and spending of $129k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $144k to $134k (-7.0%), an average of -1.8% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southwest Renaissance Development Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 23rd percentile within DC. Charities of a similar size with the same main cause include Cosmopolitan International Columbia Luncheon Club ($134k), Labor and Employee Relations Association ($134k) and Juanita C Grant Foundation Inc ($134k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $11k. At year end it held assets of $173k against liabilities of $0, net assets of $173k. It reported 1 employees.