Renaissance Creations

Analysis

Renaissance Creations is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in April 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 (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, Renaissance Creations reported income of $428k and spending of $511k, spending 120% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $313k to $428k (+37%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Renaissance Creations sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include Lendingkind ($427k), Urban Economic Development ($428k) and Pamlico Rose Institute for Sustainable Communities ($427k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Other salaries and wages came to $314k. At year end it held assets of $128k against liabilities of $196k, net assets of -$68k. It reported 7 employees.