Reality House Inc

Analysis

Reality House Inc is a registered charity in United States, based in Astoria, NY. It received its IRS tax-exemption ruling in May 1968, 58 years ago. 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, Reality House Inc reported income of $3.1m and spending of $3.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $3.1m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reality House Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($3.1m), Pine-Belt Multi-Purpose Community Action Agency Incorporated ($3.1m) and St Louis Center for International Relations ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $136k (4.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $10.0m against liabilities of $2.9m, net assets of $7.1m. It reported 43 employees.