Renaissance Kares

Analysis

Renaissance Kares is a registered charity in United States, based in Norcross, GA. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Renaissance Kares reported income of $149k and spending of $149k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $90k to $149k (+66%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Renaissance Kares sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within GA. Charities of a similar size with the same main cause include Youstar Foundation ($149k), Optimists Inc ($149k) and Humanitarian Aid Intercessional Inc ($149k).

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 $1 against liabilities of $0, net assets of $1.