Southlake Tri-City Rba Corp

Analysis

Southlake Tri-City Rba Corp is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in August 2007, 19 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 June 2023, Southlake Tri-City Rba Corp reported income of $2.1m and spending of $2.7m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $2.1m (-2.5%), an average of -0.6% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southlake Tri-City Rba Corp sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include National Community Stabilization Trust LLC ($2.1m), Complete Care Counseling Agency ($2.1m) and Clinton Hill Community Apartments ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $447k. At year end it held assets of $2.6m against liabilities of $2.9m, net assets of -$360k. It reported 23 employees.

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.