Royal Oak Non-Profit Housing Corporation

Analysis

Royal Oak Non-Profit Housing Corporation is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in October 2016, 10 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 (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 Oak Non-Profit Housing Corporation reported income of $2.1m and spending of $2.7m, spending 127% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $1.5m to $2.1m (+38%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Royal Oak Non-Profit Housing Corporation sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Tampa Presbyterian Community Inc ($2.1m), Family Extended Care of Winter Haven Inc ($2.1m) and Rebuilding Together NYC ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 57% of the total. At year end it held assets of $14.9m against liabilities of $15.9m, net assets of -$1.0m.