Renaissance Education Group Inc
Renaissance Education Group Inc. consistently spends more than it earns, leading to growing liabilities.
EIN: 204278267 · Durham, NC · NTEE: P40 · Updated: 2026-03-28
Is Renaissance Education Group Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Renaissance Education Group Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Renaissance Education Group Inc
Renaissance Education Group Inc (EIN: 204278267) is a nonprofit organization based in Durham, NC, classified under NTEE code P40. The organization reported total revenue of $891K and total assets of $557K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Renaissance Education Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Renaissance Education Group Inc is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -3.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $891K |
| Total Expenses | $946K |
| Surplus / Deficit | $-55,055 |
| Total Assets | $557K |
| Total Liabilities | $621K |
| Net Assets | $-64,142 |
| Operating Margin | -6.2% |
| Debt-to-Asset Ratio | 111.5% |
| Months of Reserves | 7.1 months |
Financial Health Grade: C
In 2022, Renaissance Education Group Inc reported a deficit of $55K with expenses exceeding revenue, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 111.5% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Renaissance Education Group Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -28.7% | -25.1% | +22.7% |
| 2021 | +36.0% | +37.3% | +14.6% |
| 2020 | -2.7% | -3.1% | +10.8% |
| 2019 | -19.3% | -19.3% | +16.3% |
| 2018 | -4.6% | -3.3% | -7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Education Group Inc with a Mission Score of 65 out of 100 (Good). 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 Education Group Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $55K, with expenses exceeding revenue.
- Debt-to-asset ratio: 111.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size and operational history.
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 Education Group Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in multiple years, including 2022 and 2021.
- Liabilities exceeding assets in the latest filing (2022), indicating a negative net asset position.
- Significant fluctuation in revenue year-over-year, making financial planning potentially challenging.
- Unusually low (0%) reported officer compensation for an organization of this size and operational history.
Strengths
The following positive indicators were identified for Renaissance Education Group Inc:
- Consistent operational presence for over a decade, indicating resilience.
- No reported officer compensation, suggesting a focus on minimizing executive overhead.
- Steady asset growth over the long term, from $159,772 in 2013 to $556,555 in 2022, despite recent financial challenges.
Frequently Asked Questions about Renaissance Education Group Inc
Is Renaissance Education Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Renaissance Education Group Inc (EIN: 204278267) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Renaissance Education Group Inc spend its money?
Renaissance Education Group Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Renaissance Education Group Inc tax-deductible?
Renaissance Education Group Inc is registered as a tax-exempt nonprofit (EIN: 204278267). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Renaissance Education Group Inc. cover its consistent operational deficits?
The consistent pattern of expenses exceeding revenues suggests the organization may be relying on prior year reserves, specific grants, or other non-operating income sources not fully detailed in the summary data to cover its operational deficits. The increasing liabilities also indicate potential reliance on debt.
What is the long-term impact of liabilities exceeding assets, as seen in 2022?
When liabilities exceed assets, it indicates a negative net asset position, which can signal financial instability. This could make it harder to secure future funding, manage cash flow, and sustain operations without significant changes to financial management or revenue generation.
Is the 0% officer compensation sustainable or indicative of other arrangements?
While 0% officer compensation appears to be a positive for minimizing administrative costs, it is highly unusual for an organization with annual revenues approaching $1 million. It could suggest that key leadership roles are filled by volunteers, or that compensation is structured in a way not captured under 'officer compensation' on the 990, such as through a related entity or as contractor fees.
Filing History
IRS 990 filing history for Renaissance Education Group Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Renaissance Education Group Inc's revenue has declined by 35.7%, moving from $1.4M to $891K. Total assets increased by 612.2% over the same period, from $78K to $557K. Total functional expenses fell by 33.3%, from $1.4M to $946K. In its most recent filing year (2022), Renaissance Education Group Inc reported a deficit of $55K, with expenses exceeding revenue. The organization holds $621K in liabilities against $557K in assets (debt-to-asset ratio: 111.5%), resulting in net assets of $-64,142.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $891K | $946K | $557K | $621K | — | — |
| 2021 | $1.3M | $1.3M | $454K | $453K | — | View 990 |
| 2020 | $919K | $920K | $396K | $382K | — | View 990 |
| 2019 | $945K | $949K | $357K | $344K | — | View 990 |
| 2018 | $1.2M | $1.2M | $307K | $288K | — | View 990 |
| 2017 | $1.2M | $1.2M | $333K | $308K | — | View 990 |
| 2016 | $882K | $903K | $167K | $154K | — | View 990 |
| 2015 | $1.1M | $1.1M | $154K | $120K | — | View 990 |
| 2014 | $778K | $782K | $162K | $97K | — | View 990 |
| 2013 | $670K | $662K | $160K | $90K | — | View 990 |
| 2012 | $1.1M | $1.1M | $131K | $69K | — | View 990 |
| 2011 | $1.4M | $1.4M | $78K | $73K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $891K, expenses of $946K, and assets of $557K (revenue -28.7% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $454K (revenue +36.0% year-over-year).
- 2020: Revenue of $919K, expenses of $920K, and assets of $396K (revenue -2.7% year-over-year).
- 2019: Revenue of $945K, expenses of $949K, and assets of $357K (revenue -19.3% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $307K (revenue -4.6% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $333K (revenue +39.2% year-over-year).
- 2016: Revenue of $882K, expenses of $903K, and assets of $167K (revenue -19.5% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $154K (revenue +40.8% year-over-year).
- 2014: Revenue of $778K, expenses of $782K, and assets of $162K (revenue +16.1% year-over-year).
- 2013: Revenue of $670K, expenses of $662K, and assets of $160K (revenue -39.3% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $131K (revenue -20.4% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $78K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Renaissance Education Group Inc:
Data Sources and Methodology
This transparency report for Renaissance Education Group Inc 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.