Renaissance Arts and Education Inc

Analysis

Renaissance Arts and Education Inc is a registered charity in United States, based in Palmetto, FL. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Renaissance Arts and Education Inc reported income of $22.1m and spending of $20.6m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $18.3m to $22.1m (+20%), an average of +6.4% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Renaissance Arts and Education Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Greenhills School ($22.1m), Academy of Math & Science Inc ($22.1m) and Scago Educational Facilities Corporation for Pickens School Dis ($22.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 81% of the total. At year end it held assets of $47.5m against liabilities of $34.9m, net assets of $12.6m. It reported 374 employees.