Royal Foundation

Analysis

Royal Foundation is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Royal Foundation reported income of $81k and spending of $110k, spending 136% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $184k to $81k (-56%), an average of -56% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Royal Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 37th percentile within SC. Charities of a similar size with the same main cause include Kind Cars Inc ($81k), Backpack Buddies of Baker Inc ($81k) and East Longmeadow Education Endowment Fund Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $145k against liabilities of $0, net assets of $145k.