Renown Transitional Care Services

Analysis

Renown Transitional Care Services is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in May 1989, 37 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Renown Transitional Care Services reported income of $15.7m and spending of $8.4m, leaving 47% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income fell from $30.8m to $15.7m (-49%), an average of -13% a year. The sharpest change came in the year to June 2022, when income rose by 508%. Over the whole period it spent 16% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Renown Transitional Care Services sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 98th percentile within NV. Charities of a similar size with the same main cause include David Raines Community Health Center Inc ($15.7m), Cancer Research Fund of the Damon Runyon-Walter Winchell Foundation ($15.7m) and Visiting Nurse Association of Southeast Missouri Inc ($15.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 40% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $745.5m against liabilities of $3.2m, net assets of $742.3m.