Renew-Reinventing Education

Analysis

Renew-Reinventing Education is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in July 2010, 16 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, Renew-Reinventing Education reported income of $39.9m and spending of $42.9m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $40.8m to $39.9m (-2.2%), an average of -0.6% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Renew-Reinventing Education sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Head Start of Greater Dallas Inc ($39.9m), Tower Hill School ($39.9m) and Escambia County School Readiness Coalition Inc ($39.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $989k (2.3% of expenses). Other salaries and wages came to $23.0m. At year end it held assets of $15.7m against liabilities of $1.8m, net assets of $14.0m. It reported 585 employees.