East Bay Realty Corporation II

Analysis

East Bay Realty Corporation II is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in June 2002, 24 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 2023, East Bay Realty Corporation II reported income of $132k and spending of $141k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $103k to $132k (+28%), an average of +6.4% a year. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East Bay Realty Corporation II sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 39th percentile within RI. Charities of a similar size with the same main cause include Ramona Estates Inc ($132k), Meadowood Glen II Limited ($132k) and Afiya Apartments Inc ($132k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 85% of the total. Other salaries and wages came to $6,245. At year end it held assets of $1.2m against liabilities of $19k, net assets of $1.2m.

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.