Rose-Arc Housing Inc

Analysis

Rose-Arc Housing Inc is a registered charity in United States, based in Pawtucket, RI. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Rose-Arc Housing Inc reported income of $82k and spending of $135k, spending 164% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $63k to $82k (+30%), an average of +5.4% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rose-Arc Housing Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 27th percentile within RI. Charities of a similar size with the same main cause include Fair Housing Advocates Association Inc ($82k), Yonkers Community Housing Development Organization Inc ($82k) and Specialized Housing II Incorporated ($82k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 44% of the total. At year end it held assets of $288k against liabilities of $880k, net assets of -$591k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.