Renaissance Heights Foundation

Analysis

Renaissance Heights Foundation is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in May 2021, 5 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 December 2023, Renaissance Heights Foundation reported income of $102k and spending of $148k, spending 145% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $168k to $102k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Renaissance Heights Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include Mozayik ($102k), Pan American Concerned Citizens Action League Inc ($102k) and Community Alliance Group Inc ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.