Renaissance Academy
Renaissance Academy shows consistent revenue growth and no reported officer compensation over a decade.
EIN: 203365730 · Lehi, UT · NTEE: B24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.6M |
| Total Expenses | $7.2M |
| Program Spending | 90% |
| Net Assets | $2.0M |
| Transparency Score | 92/100 |
Is Renaissance Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Renaissance Academy directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Renaissance Academy
Renaissance Academy (EIN: 203365730) is a nonprofit organization based in Lehi, UT, classified under NTEE code B24. The organization reported total revenue of $8.6M and total assets of $15.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Renaissance Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Renaissance Academy is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.3M |
| Total Expenses | $7.2M |
| Surplus / Deficit | +$44K |
| Total Assets | $15.4M |
| Total Liabilities | $13.4M |
| Net Assets | $2.0M |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 87.1% |
| Months of Reserves | 25.6 months |
Financial Health Grade: A
In 2023, Renaissance Academy reported a surplus of $44K with revenue exceeding expenses, holds 25.6 months of operating reserves (strong position), has a debt-to-asset ratio of 87.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Renaissance Academy's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.4% | +13.6% | -0.1% |
| 2022 | +15.8% | +4.8% | -1.9% |
| 2021 | +4.7% | +9.1% | +45.9% |
| 2020 | +1.4% | +6.7% | +2.5% |
| 2019 | +4.9% | +7.1% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Renaissance Academy with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Renaissance Academy allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $44K, with revenue exceeding expenses.
- Debt-to-asset ratio: 87.1%.
Executive Compensation Analysis
Renaissance Academy consistently reports 0% officer compensation across all available filings, suggesting either a volunteer leadership structure or that executive compensation is categorized differently, which enhances the perception of funds directly supporting the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Renaissance Academy's IRS 990 filings:
- Consistent 0% officer compensation may obscure actual executive compensation if paid through other means not reported in that specific section of the 990.
- Liabilities have increased significantly over the past five years, from $8.6M in 2019 to $13.4M in 2023, warranting a closer look at their nature and repayment schedule.
Strengths
The following positive indicators were identified for Renaissance Academy:
- Consistent revenue growth, from $4.1M in 2014 to $7.2M in 2023, indicating strong financial health and increasing support.
- Positive net income in most years, demonstrating effective expense management (e.g., $7.2M revenue vs. $7.2M expenses in 2023).
- Assets consistently exceed liabilities, with assets at $15.4M and liabilities at $13.4M in 2023, indicating a healthy balance sheet.
- No reported officer compensation across all filings suggests a high proportion of funds are directed towards program services or a volunteer-driven leadership model.
- Strong asset growth, from $10.5M in 2014 to $15.4M in 2023, enhancing the organization's long-term capacity.
Frequently Asked Questions about Renaissance Academy
Is Renaissance Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Renaissance Academy (EIN: 203365730) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Renaissance Academy spend its money?
Renaissance Academy directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Renaissance Academy tax-deductible?
Renaissance Academy is registered as a tax-exempt nonprofit (EIN: 203365730). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Renaissance Academy's spending goes to programs?
Renaissance Academy directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Renaissance Academy compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Renaissance Academy is above average for NTEE category B24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Renaissance Academy located?
Renaissance Academy is headquartered in Lehi, Utah and files with the IRS under EIN 203365730. It is classified under NTEE code B24.
How many years of IRS 990 filings does Renaissance Academy have?
Renaissance Academy has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $8.6M in total revenue.
How does Renaissance Academy manage to report 0% officer compensation consistently?
The consistent reporting of 0% officer compensation on IRS Form 990s for over a decade is unusual for an organization of this size ($7.2M revenue in 2023). This could indicate a volunteer-led executive team, or that compensation for leadership roles is structured in a way that is not reported under 'officer compensation' on the 990, such as through a related management entity or as general employee salaries.
What is the organization's long-term strategy for managing its liabilities?
Renaissance Academy's liabilities have grown from $8.6 million in 2019 to $13.4 million in 2023, alongside an increase in assets. While assets exceed liabilities, understanding the nature of these liabilities (e.g., mortgages, bonds) and the repayment strategy is crucial for long-term financial stability.
What is the specific breakdown of program services for Renaissance Academy?
As an NTEE B24 organization (Elementary & Secondary Education), the primary program service is likely K-12 education. However, without the detailed functional expense breakdown from the 990, the specific allocation within 'programs' (e.g., teacher salaries, curriculum development, facilities) is not discernible from the provided data.
Filing History
IRS 990 filing history for Renaissance Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Renaissance Academy's revenue has grown by 84.5%, moving from $3.9M to $7.3M. Total assets increased by 43.6% over the same period, from $10.8M to $15.4M. Total functional expenses rose by 86.5%, from $3.9M to $7.2M. In its most recent filing year (2023), Renaissance Academy reported a surplus of $44K, with revenue exceeding expenses. The organization holds $13.4M in liabilities against $15.4M in assets (debt-to-asset ratio: 87.1%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.3M | $7.2M | $15.4M | $13.4M | — | View 990 |
| 2022 | $6.8M | $6.4M | $15.4M | $13.5M | — | View 990 |
| 2021 | $5.8M | $6.1M | $15.7M | $14.2M | — | View 990 |
| 2020 | $5.6M | $5.6M | $10.8M | $8.9M | — | View 990 |
| 2019 | $5.5M | $5.2M | $10.5M | $8.6M | — | View 990 |
| 2018 | $5.2M | $4.9M | $10.5M | $8.8M | — | View 990 |
| 2017 | $4.7M | $4.7M | $10.1M | $8.9M | — | View 990 |
| 2016 | $4.6M | $4.5M | $10.4M | $9.1M | — | View 990 |
| 2015 | $4.1M | $4.1M | $10.4M | $9.2M | — | View 990 |
| 2014 | $4.2M | $4.1M | $10.5M | $9.3M | — | View 990 |
| 2013 | $4.1M | $3.9M | $10.7M | $9.5M | — | View 990 |
| 2012 | $3.9M | $3.8M | $10.8M | $9.7M | — | View 990 |
| 2011 | $3.9M | $3.9M | $10.8M | $9.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.3M, expenses of $7.2M, and assets of $15.4M (revenue +7.4% year-over-year).
- 2022: Revenue of $6.8M, expenses of $6.4M, and assets of $15.4M (revenue +15.8% year-over-year).
- 2021: Revenue of $5.8M, expenses of $6.1M, and assets of $15.7M (revenue +4.7% year-over-year).
- 2020: Revenue of $5.6M, expenses of $5.6M, and assets of $10.8M (revenue +1.4% year-over-year).
- 2019: Revenue of $5.5M, expenses of $5.2M, and assets of $10.5M (revenue +4.9% year-over-year).
- 2018: Revenue of $5.2M, expenses of $4.9M, and assets of $10.5M (revenue +11.4% year-over-year).
- 2017: Revenue of $4.7M, expenses of $4.7M, and assets of $10.1M (revenue +3.2% year-over-year).
- 2016: Revenue of $4.6M, expenses of $4.5M, and assets of $10.4M (revenue +10.2% year-over-year).
- 2015: Revenue of $4.1M, expenses of $4.1M, and assets of $10.4M (revenue -0.4% year-over-year).
- 2014: Revenue of $4.2M, expenses of $4.1M, and assets of $10.5M (revenue +2.6% year-over-year).
- 2013: Revenue of $4.1M, expenses of $3.9M, and assets of $10.7M (revenue +4.2% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.8M, and assets of $10.8M (revenue -1.2% year-over-year).
- 2011: Revenue of $3.9M, expenses of $3.9M, and assets of $10.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Renaissance Academy:
Data Sources and Methodology
This transparency report for Renaissance Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.