Unite and Renew Educational Foundation Inc

Analysis

Unite and Renew Educational Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2022, 4 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, Unite and Renew Educational Foundation Inc reported income of $2.5m and spending of $1.7m, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.1m to $2.5m (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Unite and Renew Educational Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 70th percentile within DC. Charities of a similar size with the same main cause include Community College of Rhode Island Foundation ($2.5m), Accelerated Christian Education Ministries Inc ($2.5m) and James Madison Preparatory School Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.0m against liabilities of $24k, net assets of $990k.