Renovation Alliance

Analysis

Renovation Alliance is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Renovation Alliance reported income of $753k and spending of $649k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2024, income grew from $582k to $753k (+29%), an average of +6.7% a year. The sharpest change came in the year to June 2024, when income rose by 194%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Renovation Alliance sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Spero Housing Group ($752k), 1114 Morris Avenue Housing Development Fund Corp ($753k) and Pha Housing Development Ltd ($752k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $120k. At year end it held assets of $226k against liabilities of $0, net assets of $226k. It reported 4 employees.