Park Heights Renaissance

Analysis

Park Heights Renaissance is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 2008, 18 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 June 2023, Park Heights Renaissance reported income of $4.3m and spending of $3.7m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $4.3m (+132%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 92%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Park Heights Renaissance sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Non Traditional Employment for Women ($4.2m), East Bay Sanctuary Covenant ($4.3m) and Growing Home Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $302k (8.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.6m against liabilities of $762k, net assets of $2.8m. It reported 41 employees.