Troy Rehabilitation and Improvement Program Inc

Analysis

Troy Rehabilitation and Improvement Program Inc is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in April 1969, 57 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Troy Rehabilitation and Improvement Program Inc reported income of $3.8m and spending of $3.8m, spending 100% of its income. Across the 5 years on record, from April 2020 to April 2024, income fell from $4.7m to $3.8m (-20%), an average of -5.3% a year. The sharpest change came in the year to April 2021, when income dropped by 27%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Troy Rehabilitation and Improvement Program 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 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Bridges to Housing Stability Inc ($3.8m), Matinecock Court Housing Development Fund Corp ($3.8m) and Planning Office for Urban Affairs Inc ($3.7m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 45% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $161k (4.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.8m against liabilities of $1.2m, net assets of $3.6m. It reported 45 employees.