Royal Charter Properties Inc

Analysis

Royal Charter Properties Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1983, 43 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Royal Charter Properties Inc reported income of $52.0m and spending of $52.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $52.3m to $52.0m (-0.5%), an average of -0.1% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Royal Charter Properties Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Hope Haven Incorporated ($51.9m), Chatham Hospital Inc ($52.0m) and Big Sandy Health Care Inc ($51.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $628k (1.2% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $133.9m against liabilities of $25.3m, net assets of $108.6m.