Foundation of the Neo-Renaissance

Analysis

Foundation of the Neo-Renaissance is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 1968, 58 years ago. 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 June 2024, Foundation of the Neo-Renaissance reported income of $86k and spending of $58k, leaving 33% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $51k to $86k (+71%), an average of +71% a year. The sharpest change came in the year to June 2024, when income rose by 71%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation of the Neo-Renaissance sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Little League Baseball Inc ($86k), Little League Baseball Inc ($86k) and National Association of Housing & Redevelopment Officials ($86k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.