Renaissance Charter School Inc

Analysis

Renaissance Charter School Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in June 2003, 23 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 Charter School Inc reported income of $389.7m and spending of $388.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $301.9m to $389.7m (+29%), an average of +6.6% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Renaissance Charter School Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Elon University ($389.1m), The New York Public Library Astor Lenox and Tilden Foundations ($394.3m) and Catholic University of America ($388.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.4% and program service revenue 90% of the total. Other salaries and wages came to $159.0m. At year end it held assets of $668.4m against liabilities of $711.6m, net assets of -$43.2m.