Renew the Arts

Analysis

Renew the Arts is a registered charity in United States, based in Sugar Hill, GA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 the Arts reported income of $62k and spending of $69k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $100k to $62k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Renew the Arts sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within GA. Charities of a similar size with the same main cause include Online Hungarian School ($62k), Sportsmens Americana Music Foundation Inc ($62k) and Cache Center for Art Culture & History-Exeter ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.