Roncalli Apartments Inc

Analysis

Roncalli Apartments Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in March 1946, 80 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, Roncalli Apartments Inc reported income of $253k and spending of $351k, spending 139% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $252k to $253k (+0.5%), an average of +0.2% a year. Over the whole period it spent 138% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Roncalli Apartments Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 52nd percentile within ME. Charities of a similar size with the same main cause include Winchester Seniors Association Trust ($253k), Arts Council of Southern Indiana ($253k) and Camp Maranatha Inc ($253k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. At year end it held assets of $3.2m against liabilities of $135k, net assets of $3.1m.

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.