Renew Democracy Initiative Inc

Analysis

Renew Democracy Initiative Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Renew Democracy Initiative Inc reported income of $5.6m and spending of $7.3m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $566k to $5.6m (+891%), an average of +77% a year. The sharpest change came in the year to December 2022, when income rose by 1528%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Renew Democracy Initiative Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 81st percentile within DC. Charities of a similar size with the same main cause include Gem Prep Pocatello LLC ($5.6m), Miquon School ($5.6m) and Maine Connections Academy Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $236k (3.2% of expenses). Other salaries and wages came to $560k. At year end it held assets of $2.8m against liabilities of $308k, net assets of $2.5m. It reported 12 employees.