Renaissance Entrepreneurship Center

Analysis

Renaissance Entrepreneurship Center is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 1982, 44 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Renaissance Entrepreneurship Center reported income of $7.7m and spending of $8.0m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $7.7m (+76%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 81%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Renaissance Entrepreneurship Center sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Point Programs Inc ($7.7m), Goodwills Green Works Inc ($7.7m) and Pidc Community Capital ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $202k (2.5% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $4.8m against liabilities of $2.7m, net assets of $2.1m. It reported 60 employees.