Renaissance Academy - a School for the Multi Media Arts

Analysis

Renaissance Academy - a School for the Multi Media Arts is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in November 2011, 15 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 Academy - a School for the Multi Media Arts reported income of $1.9m and spending of $1.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.9m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Renaissance Academy - a School for the Multi Media Arts sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Statewide California Electronic Library Consortium ($1.9m), Southern Scholarship Foundation Inc ($1.9m) and Billie Jean King Foundation ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $2,000 (0.1% of expenses). Other salaries and wages came to $1,125. At year end it held assets of $734k against liabilities of $2.2m, net assets of -$1.4m.