Real Estate Education and Community Housing Inc

Analysis

Real Estate Education and Community Housing Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in April 2007, 19 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, Real Estate Education and Community Housing Inc reported income of $1.5m and spending of $1.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Real Estate Education and Community Housing Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Family Services Center ($1.5m), Partners in Senior Care ($1.5m) and Kids House of Seminole Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $512k (34% of expenses). At year end it held assets of $3.3m against liabilities of $2.3m, net assets of $1.0m. It reported 8 employees.