Renascence Inc

Analysis

Renascence Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Renascence Inc reported income of $239k and spending of $284k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $263k to $239k (-8.9%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 101% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Renascence Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within AL. Charities of a similar size with the same main cause include Selah Place of Oregon County ($239k), National Association of State Controlled Substances Authorities ($239k) and Rebuilding Ex-Offenders Successfully Through Opportunities ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $11k (3.8% of expenses). Other salaries and wages came to $136k. At year end it held assets of $385k against liabilities of $46k, net assets of $339k. It reported 35 employees.