Renaissance Corporation Of Albany
Renaissance Corporation Of Albany consistently generates revenue exceeding expenses with no reported officer compensation.
EIN: 161529044 · Albany, NY · NTEE: P99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.9M |
| Total Expenses | $3.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $8.8M |
| Transparency Score | 85/100 |
Is Renaissance Corporation Of Albany Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Renaissance Corporation Of Albany directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Renaissance Corporation Of Albany
Renaissance Corporation Of Albany (EIN: 161529044) is a nonprofit organization based in Albany, NY, classified under NTEE code P99. The organization reported total revenue of $4.9M and total assets of $22.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Renaissance Corporation Of Albany's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Renaissance Corporation Of Albany is a mid-size nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $3.6M |
| Surplus / Deficit | +$797K |
| Total Assets | $23.0M |
| Total Liabilities | $14.2M |
| Net Assets | $8.8M |
| Operating Margin | 18.2% |
| Debt-to-Asset Ratio | 61.8% |
| Months of Reserves | 76.7 months |
Financial Health Grade: A
In 2023, Renaissance Corporation Of Albany reported a surplus of $797K with revenue exceeding expenses, holds 76.7 months of operating reserves (strong position), has a debt-to-asset ratio of 61.8% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Renaissance Corporation Of Albany's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.9% | +6.2% | -2.6% |
| 2022 | +3.3% | +8.5% | -2.1% |
| 2021 | +6.6% | +2.9% | -1.3% |
| 2020 | -14.7% | -1.8% | -1.6% |
| 2019 | +7.9% | -3.8% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Corporation Of Albany with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Renaissance Corporation Of Albany allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $797K, with revenue exceeding expenses.
- Debt-to-asset ratio: 61.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with annual revenues exceeding $4 million and assets over $22 million. This could indicate a volunteer-led executive team or that executive compensation is categorized differently, requiring further scrutiny for full understanding.
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 Corporation Of Albany's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size, which may obscure actual executive remuneration or operational structure.
- Significant liabilities relative to assets, though improving, indicating potential reliance on debt or long-term obligations.
Strengths
The following positive indicators were identified for Renaissance Corporation Of Albany:
- Consistent revenue generation exceeding expenses, demonstrating financial stability (e.g., $4,391,001 revenue vs. $3,593,890 expenses in 202312).
- Substantial asset base ($22,967,870 in 202312) providing financial backing.
- Improving net asset position as liabilities have decreased significantly from previous years (e.g., from $26,497,508 in 2013 to $14,188,711 in 202312).
Frequently Asked Questions about Renaissance Corporation Of Albany
Is Renaissance Corporation Of Albany a legitimate charity?
Renaissance Corporation Of Albany (EIN: 161529044) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.9M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Renaissance Corporation Of Albany spend its money?
Renaissance Corporation Of Albany directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Renaissance Corporation Of Albany tax-deductible?
Renaissance Corporation Of Albany is registered as a tax-exempt nonprofit (EIN: 161529044). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Renaissance Corporation Of Albany CEO make?
Renaissance Corporation Of Albany's highest-compensated officer earns $4 annually. The organization reported $4.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Renaissance Corporation Of Albany's spending goes to programs?
Renaissance Corporation Of Albany directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Renaissance Corporation Of Albany compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Renaissance Corporation Of Albany is above average for NTEE category P99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Renaissance Corporation Of Albany located?
Renaissance Corporation Of Albany is headquartered in Albany, New York and files with the IRS under EIN 161529044. It is classified under NTEE code P99.
How many years of IRS 990 filings does Renaissance Corporation Of Albany have?
Renaissance Corporation Of Albany has 10 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 $4.9M in total revenue.
Is Renaissance Corporation Of Albany a good charity?
Based on the available financial data, Renaissance Corporation Of Albany appears to be a financially stable organization with consistent revenue generation and expenses that are well-managed. The consistent surplus of revenue over expenses, such as $4,391,001 revenue vs. $3,593,890 expenses in 202312, indicates sound financial management. The lack of reported officer compensation is a unique characteristic that could be viewed positively for efficiency, but also warrants further inquiry for complete transparency.
Why is officer compensation consistently 0%?
The consistent reporting of 0% officer compensation across all ten available filings is highly unusual for an organization of this scale. This could mean that executive roles are filled by volunteers, or that compensation for key management personnel is reported under other expense categories, or that the organization has a unique operational structure. Further investigation into their detailed expense breakdown would be necessary to understand this fully.
How has the organization's asset base changed over time?
The organization's assets have fluctuated, peaking around $25.6 million in 2014 and 2013, then gradually declining to $22,967,870 in 202312. Despite this decline, the asset base remains substantial, indicating significant resources. Liabilities have also decreased from a high of $26,497,508 in 2013 to $14,188,711 in 202312, improving the net asset position.
Filing History
IRS 990 filing history for Renaissance Corporation Of Albany showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Renaissance Corporation Of Albany's revenue has grown by 33.8%, moving from $3.3M to $4.4M. Total assets increased by 25.6% over the same period, from $18.3M to $23.0M. Total functional expenses rose by 36.8%, from $2.6M to $3.6M. In its most recent filing year (2023), Renaissance Corporation Of Albany reported a surplus of $797K, with revenue exceeding expenses. The organization holds $14.2M in liabilities against $23.0M in assets (debt-to-asset ratio: 61.8%), resulting in net assets of $8.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $3.6M | $23.0M | $14.2M | — | View 990 |
| 2022 | $4.2M | $3.4M | $23.6M | $15.6M | — | View 990 |
| 2021 | $4.1M | $3.1M | $24.1M | $16.9M | — | View 990 |
| 2020 | $3.8M | $3.0M | $24.4M | $18.1M | — | View 990 |
| 2019 | $4.5M | $3.1M | $24.8M | $19.3M | — | View 990 |
| 2015 | $4.1M | $3.2M | $25.3M | $24.4M | — | View 990 |
| 2014 | $4.0M | $3.3M | $25.6M | $25.6M | — | View 990 |
| 2013 | $3.8M | $2.7M | $25.6M | $26.5M | — | View 990 |
| 2012 | $3.5M | $2.4M | $19.2M | $21.0M | — | View 990 |
| 2011 | $3.3M | $2.6M | $18.3M | $21.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $3.6M, and assets of $23.0M (revenue +4.9% year-over-year).
- 2022: Revenue of $4.2M, expenses of $3.4M, and assets of $23.6M (revenue +3.3% year-over-year).
- 2021: Revenue of $4.1M, expenses of $3.1M, and assets of $24.1M (revenue +6.6% year-over-year).
- 2020: Revenue of $3.8M, expenses of $3.0M, and assets of $24.4M (revenue -14.7% year-over-year).
- 2019: Revenue of $4.5M, expenses of $3.1M, and assets of $24.8M (revenue +7.9% year-over-year).
- 2015: Revenue of $4.1M, expenses of $3.2M, and assets of $25.3M (revenue +2.6% year-over-year).
- 2014: Revenue of $4.0M, expenses of $3.3M, and assets of $25.6M (revenue +6.9% year-over-year).
- 2013: Revenue of $3.8M, expenses of $2.7M, and assets of $25.6M (revenue +6.9% year-over-year).
- 2012: Revenue of $3.5M, expenses of $2.4M, and assets of $19.2M (revenue +7.4% year-over-year).
- 2011: Revenue of $3.3M, expenses of $2.6M, and assets of $18.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Renaissance Corporation Of Albany:
Data Sources and Methodology
This transparency report for Renaissance Corporation Of Albany 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.