Renaissance Unlimited Homes Inc

Analysis

Renaissance Unlimited Homes Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Renaissance Unlimited Homes Inc reported income of $2.0m and spending of $1.7m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.0m (+79%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Renaissance Unlimited Homes Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Ica Group Incorporated ($2.0m), Ronald McDonald House Charities of Indiana-Michiana Inc ($2.0m) and St Andrews Retirement Community ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. Compensation of current officers, directors and key employees was $101k (6.1% of expenses). Other salaries and wages came to $466k. At year end it held assets of $738k against liabilities of $109k, net assets of $629k. It reported 12 employees.